Notice of Changes in Temporary FDIC Insurance
Coverage for Transaction Accounts
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 account” includes a traditional checking account 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, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
We strongly encourage all bank depositors who have questions about their insurance coverage to:
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Call or visit your nearest Liberty Bank office
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Go to the FDIC website at www.fdic.gov and use the Electronic Deposit Insurance Estimator (EDIE)
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Call FDIC toll-free at 1-877-ASK-FDIC
Information on FDIC Deposit Insurance Coverage provided to you by Liberty Bank employees is based on the current understanding and interpretation of FDIC regulation, subject to change of regulation by FDIC and is not to be construed as conclusive or legal advice by Liberty Bank.
