|Certificate of Deposit – CD|
|Money Market Savings|
|55 Freedom Account|
|55 Freedom Plus|
|First Club 55|
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 IOLTAs (Interest on Lawyers Trust Accounts.)
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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