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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE FOR
TRANSACTION ACCOUNTS
All funds in a "non-interest
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 $250,000.00 available under the FDIC's general
deposit insurance rules.
The term "non-interest 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 FDIC insurance coverage of transaction accounts, visit
www.fdic.gov.
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