First Federal Savings Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.. The Transaction Account Guarantee Program also insures NOW accounts( interest bearing accounts that have no withdrawal limitations) with interest rates of 0.50 percent or less and IOLTAs (Interest on Lawyers Trust Accounts). Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
|
