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quick and easy tool to calculate an estimated monthly payment
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| LEGACY 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. 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. Preferred
checking accounts are eligible for coverage up to $250,000. |
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Notice of Change 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 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.
For more information about temporary FDIC insurance coverage of
transaction accounts, visit http://www.fdic.gov.
For more information about FDIC insurance coverage of transaction
accounts, visit http://www.fdic.gov. |
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