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FDIC - Federal Deposit Insurance Corporation
FDIC - Federal Deposit Insurance Corporation
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Bank Reale is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from coverage available under the FDIC’s general deposit insurance rules.
The Standard insurance amount currently is $250,000.00 per depositor. The $250,000.00 limit is permanent for IRAs and other certain retirement accounts. The $250,000.00 limit is temporary for all other deposit accounts through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000.00 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000.00 per depositor.
Copyright 2008 Bank Reale. All rights reserved. Member FDIC.