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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 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 (“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 insurance coverage of
transaction accounts, visit
www.fdic.gov.
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