[IPodPJ]

I think this is good considering the current economic climate and something everyone with a bank account should know.  At the very least it should make you feel more comfortable about where you keep your money.
 
 
 
 
[size=small]NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS[/size]
 
[size=x-small]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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts and Interest on Lawyers Trust Accounts ("IOLTAs").[/size]
 
[size=x-small]In addition, any funds transferred from a noninterest-bearing transaction account to any account that bears interest will be subject to standard FDIC insurance coverage. [/size]
 
[size=x-small]For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.[/size]

 

[El_Doug]

yeah... so important for those of us who keep over a quarter million dollars in a single checking account...   maybe ONE person on head-fi meets this criteria? 

 

[IPodPJ]

lol, good point.  I rarely ever have 1% of that amount in my account.  I wasn't really thinking about that -- more along the lines that ANY money in our accounts would have a greater sense of protection.