All funds in a “noninterest-bearing transaction account”  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 transaction [...]

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Beginning August 2010, deposits at FDIC-insured institutions are now insured permanently up to at least $250,000.00 The FDIC coverage limit, applies per depositor, per insured depository institution, for each account ownership category.

Filed under: Gold Canyon Bank by Gold Canyon Bank
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