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.

 

 

 

 

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KIDS CLUB SAVINGS
Especially for kids under 18 years of age. Just $25 opens a Kids Club savings account with no minimum balance and no fees.  Kids can make deposits at any time and will receive a quarterly statement detailing their account activity. The Kids Club is a great way to begin to teach children about the value of saving money. Kids receive a special gift when they open the account and each time they make a deposit.

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Piggy  SPENDER  OR  SAVER?

Is your child a spender or saver?  If you’re a parent, grandparent, aunt or uncle, you’re probably well aware that kids are terrific at spending money.  Where they need help is in saving it. 

 

It’s never too late to teach them the importance of earning, saving, spending, investing and donating money.  While children know that money doesn’t grow on trees, they may think it comes out of a wall.  Proper money management can be taught at a young age, and we’re here to help you do just that. 

 

You cannot over estimate the importance of teaching your children to save.  Open your child a Kids Club Savings Account today and start your children on the path to saving for their future.