FDIC Insurance Information

FDIC Website
FDIC Insuance Calculator (EDIE)
FAQs on Deposit Insurance
FDIC Transaction Account Guarantee Program


 

FDIC Website

The Federal Deposit Insurance Corporation (FDIC) website contains information not only on what the FDIC is, but why FDIC insurance is important to you. One portion of their site outlines the basics on FDIC insurance and coverage on accounts. There are separate sections for certain retirement accounts, joint accounts and information on trust accounts. Visit their website at www.fdic.gov/deposit for more information.

 

 

 

 

FDIC Calculator (EDIE)

EDIE is the Electronic Deposit Insurance Estimator available to you on the FDIC website. EDIE can help you learn about deposit insurance and allows you to calculate the insurance coverage of your accounts at each FDIC-insured institution. EDIE includes a step-by-step guide to walk you through the program. You can find EDIE at www.fdic.gov/edie.

 

 

 

 

 

 

FDIC Frequently Asked Questions

There are a lot of questions regarding the FDIC and FDIC insurance. This page is a compilation of the common questions and answers. Maybe you want to know whose deposits the FDIC insures or what types of financial institutions are insured by the FDIC. Or maybe you want to know what is not insured by the FDIC. All of these are answered on their FAQ page at www.fdic.gov.

 

 

 

 

FDIC Transaction Account Guarantee Program

On November 21, 2008 the Federal Deposit Insurance Corporation (FDIC) finalized the Temporary Liquidity Guarantee Program.  This program provides participating institutions an unlimited guarantee on funds held in a noninterest-bearing transaction account.  The FDIC is including Interest on Lawyers Trust Accounts (IOLTA’s), and Negotiable Order of Withdraw (NOW) accounts that pay no more than a .25% rate of interest under the definition of a noninterest-bearing transaction account.

The Union Bank Company is pleased to notify you that we are participating in the FDIC’s Transaction Account Guarantee Program.  Under that program, through December 31, 2010, all noninterest-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.

 

However, the FDIC general deposit insurance rules will continue to be in effect.  The general deposit insurance rules will continue to provide insurance for up to $250,000.00 through December 31, 2013.

 

 

 

 

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