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FDIC Transaction Account Guarantee Program
AJ Smith Federal Savings Bank is
participating in the FDIC's Transaction Account Guarantee Program.
Under this program, through December 31, 2009, all non-interest-bearing
transaction accounts and NOW accounts with an interest rate of 0.5% or less 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.
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Send questions or comments concerning this website to:
ajsmithbank@ajsmithbank.com.
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New Deposit Insurance Limits
On
October 3, 2008 Congress Temporarily
Increased FDIC Deposit Insurance
from $100.000 to $250,000 per Depositor
through December 31, 2009 |
