What FDIC update has been issued recently?
Here’s what you need to know about the most recent FDIC ruling and how it impacts your Charter Bank accounts: Checking Accounts will have full FDIC Coverage. Charter Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest and interest-bearing¹ Charter checking accounts are fully guaranteed by the FDIC for the entire amount in the account.² • For consumers, this covers your non-interest or interest-bearing checking accounts in a Preferred Plus Checking with Interest, Preferred Checking, Special Checking, Student Checking, Senior Checking and Free Checking. • For business customers, all Business Checking accounts are fully guaranteed through December 31, 2009. Interest checking accounts include Charter Business NOW accounts held by sole proprietors and not-for-profit corporations and Interest on Lawyers Trust Accounts (IOLTA). Savings and Money Market Accounts. As a reminder, in October the FDIC increased
Here’s what you need to know about the most recent FDIC ruling and how it impacts your Charter Bank accounts: The FDIC increased the amount of insurance it provides on eligible savings deposits from $100,000 to $250,000 per depositor through December 31, 2013. This means that consumer and business deposit accounts – such as checking, savings, CDs, and money market accounts – are insured for up to $250,000 through December 31, 2013.1 1 The deposit insurance coverage limits refer to the total of all deposits that an account holder (or accounts holders) has at each FDIC insured bank.
Here’s what you need to know about the most recent FDIC ruling and how it impacts your Citibank accounts: Checking Accounts will have full FDIC Coverage. Citibank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest and interest-bearing1 Citibank checking accounts are fully guaranteed by the FDIC for the entire amount in the account.2 • For consumers, this program covers your non-interest or interest-bearing checking accounts in a Citibank Access Account, Basic Checking, Citibank® EZ Checking, The Citibank Account, Citibank Everything Counts®, The Citigold® Account, and Student Checking. • For business customers, all CitiBusiness Checking accounts are fully guaranteed through December 31, 2009.
Related Questions
- Is senior unsecured debt issued under the FDICs Temporary Liquidity Guarantee Program (TLGP) or the NCUAs Temporary Corporate Credit Union Liquidity Guarantee Program (TCCULGP) eligible to pledge for discount window or payment system risk collateral purposes?
- The FDIC issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). Are insured banks as well as thrifts meeting local credit needs?
- Is the FIL-29-2010 that was issued by the FDIC on Monday, June 7, 2010, addressing the Certificate of Deposit Account Registry Service (CDARS)?
