Intercity State Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31st, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Our NOW accounts are no longer covered under that program but are covered up to $250,000 under the FDIC’s basic insurance. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
Transaction Account Guarantee Program Extended
July 1, 2010 By Leave a Comment