FDIC Deposit Insurance – Each Depositor insured to at least $250,000 FDIC Transaction Account Guarantee Program Rules: 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.
Links for Managing your Personal Finances:
Disclaimer: By accessing these links you will be leaving Welch State Bank’s website and will be going to a website that is not operated by the bank. The privacy and security policies of the bank will not apply to the linked websites. We are not responsible for the content or availability of linked sites.