All funds in a "non-interest-bearing transaction account" are insured in full
by the Federal Deposit Insurance Corporation (FDIC) 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.
NOTICE OF CHANGES TO TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS
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 fdic.gov.