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 the 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 Accounts ("IOLTA's"). 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 |
