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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 available to
depositors 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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Copyright © 2007 Traditional Bank. Member FDIC,
Equal Housing Lender, All rights reserved.
Portions © 1995-1998. FundsXpress, Inc. All rights reserved.
Equal Housing Lender, All rights reserved.Portions © 1995-1998. FundsXpress, Inc. All rights reserved.