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.
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