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 inaddition to, and separate from, the coverage of at least $250,000 availableto depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditionalchecking account or demand deposit account on which the insureddepository institution pays no interest.
It does not include other accounts,such as traditional checking or demand deposit accounts that may earninterest, NOW accounts, money-market deposit accounts, and Interest onLawyers Trust Accounts (“IOLTAs”).
For more information about temporary FDIC insurance coverage oftransaction accounts, visit www.fdic.gov.
https://www.fdic.gov...sits/notice.pdf
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