Welch State Bank

“Where You Come First!”

FDIC Deposit Insurance

Each Depositor insured to at least $250,000.00

 

FDIC Transaction Account Guarantee Program Rules

All funds in a "noninterest-bearing transaction" 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 account" includes a traditional checking or demand deposit account on which the insured depository institution pays no interest.  It also includes interest on Lawyers Trust Accounts ("IOLTAs").  It does not include other accounts.

 

 

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