FDIC's Transaction Account Guarantee
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 transaction
accounts, visit www.fdic.gov.