Peoples Bank Clifton: 931-676-3311 and also Toll Free at 877-656-3311 Waynesboro: 931-722-3608 Hohenwald: 931-796-3777
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds inside a “noninterest-bearing operation account” are generally covered in full by means of the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This short lived endless coverage is in addition to, and independent from, the insurance policy coverage associated with during the very least $250,000 on the market to depositors under the actual FDIC’s typical lodge insurance cover rules.
The time period “noninterest-bearing transaction account” carries a common checking accounts or requirement money bill on that the insured depository establishment gives absolutely no interest. It furthermore comprises Interest on Lawyers Trust Accounts (“IOLTAs̶! 1;). It isn’t going to contain additional accounts, for example regular examining and also demand from customers downpayment accounts which will earn interest, NOW accounts, money-market down payment accounts.
For considerably more related to momentary FDIC a policy of transaction accounts, visit
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