Personal Checking Accounts
Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit www.fdic.gov.
¹ Your interest rate and Annual Percentage Yield are subject to change.
² An additional Maintenace Charge of $5.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.
³ A Maintenance Charge of $8.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
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