Urgent message from FDIC
eastridgemiddleschool at caps.co.kr
Tue Dec 20 09:45:40 PST 2011
By this email we would like to pay your attention to the recent alterations
in the Federal Deposit Insurance Corporation insurance coverage.
During the period from December 31, 2010 to December 31, 2012 all the money
in a "noninterest-bearing transaction account" are provided with an
unlimited coverage by the Federal Deposit Insurance Corporation. Please
note, that this arrangement is temporary and besides the Federal Deposit
Insurance Corporation's common insurance rules.
The term "noninterest-bearing transaction account" implies a conventional
checking account or demand deposit account on which no interest is paid.
For detailed information about temporary FDIC insurance coverage of
transaction accounts, please view the link below:
Federal Deposit Insurance Corporation
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