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Latest FDIC Insurance information

Read about increased FDIC Insurance coverage here

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 Account (“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.