Noninterest Bearing Transaction Accounts

FDIC Notice:

By operation of federal law, beginning 01/01/2013, funds deposited in a noninterest-bearing transaction (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the FDIC. Beginning 01/01/2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000.), for each deposit insurance ownership category.