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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “non interest-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 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 www.fdic.gov.

BUSINESS ACCOUNTS


What does your business need in a deposit account?  With concerns about earnings credits, flexibility, minimum cost to you or interest paid on your balances, businesses of all sizes can find a checking account here at Fox River State Bank. We assess your organization’s checking needs, matching them with the account that is right for you.  Contact a business banker for more information on our deposit products.

SMALL BUSINESS CHECKING

This account is designed with the needs of a small business in mind.  Business owners can enjoy a low minimum balance requirement while maintaining lower volumes of monthly activity and still have sophisticated services available to them on an as needed basis.

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BUSINESS CHECKING

Business owners with a higher level of monthly activity who routinely utilize many services can take advantage of this analyzed account.  With analysis, the bank invests the available funds in the account and gives an earnings credit to offset the cost of services used during the month.  The higher the balances maintained, the more earnings credit will be given.

 

BUSINESS PLUS CHECKING

Designed for sole proprietorships and larger non-profit organizations, IBRETA or IOLTA funds, with average levels of account activity, this account will pay interest if a minimum balance is maintained.

 

NON-PROFIT CHECKING

Need an interest bearing checking account for your small non-profit organization?  Designed for minimal check writing, this account offers the flexibility of small business checking while also paying you interest on your first dollar.

 

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BUSINESS MONEY MARKET CHECKING 

If you are more concerned with earning interest than writing checks, this account earns money market interest rates on daily actual balances.  Higher balances earn higher rates.

 

BUSINESS SAVINGS

This basic savings account for your business will provide a quarterly statement and will pay interest will a minimum balance maintained.