IMPORTANT NOTICES
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 deposits
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.
