Attn: Financial Department
By this email we would like to inform you about the recent changes in the FDIC insurance coverage for transaction accounts.
During the period from 12-31-2010 to 12-31-2012 all funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation. Please note, that this arrangement is temporary and besides the FDIC's common deposit insurance rules.
The term "noninterest-bearing transaction account" implies a conventional checking account or demand deposit account on which the insured depository institution pays no interest.
To obtain more information about this temporary FDIC unlimited coverage, please view the official site link.
Yours faithfully,
Lauren Kern.
Federal Deposit Insurance Corporation, 2012
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