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Notice of Changes in Temporary FDIC Insurance Coverage
for Transaction Accounts
All funds in
a "noninterest bearing transaction account" are insured
in full by the Federal Deposit Insurance Corporation
from December 31, 2010, through December 31, 2012.
This temporary unlimited coverage is in addition to, and
separate from, the coverage of at least $250,000
available to depositors under FDIC's general deposit
insurance rules.
The term
"noninterest bearing transaction account" includes a
traditional checking account or demand deposit account
on which the insured depository institution pays no
interest. It also includes Interest on Lawyers
Trust ("IOLTAs"). It does not include other
accounts, such as traditional checking or demand deposit
accounts that may earn interest, NOW accounts and
money-market deposit accounts.
For more
information about temporary FDIC insurance coverage of
transaction accounts, visit
www.fdic.gov.
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