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FDIC
FDIC deposit insurance
$250,000 per depositor
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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 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 transactions accounts, visit www.fdic.gov.
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