FDIC Insurance
Current FDIC Program Information
Expiring December 31, 2012
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 does not include
other accounts, such as traditional checking or demand deposit accounts
that may earn interest, NOW accounts, money-market deposit accounts, and
Interest on Lawyers Trust Accounts (“IOLTAs”).
For More Information
For more information on the FDIC Insurance coverage, please visit:
FDIC.gov.