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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, 2013, all non-interest-bearing
transaction accounts and NOW accounts with an interest rate of 0.25% 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
Effective July 21, 2010, the FDIC has permanently increased the amount of
standard deposit insurance to a maximum of $250,000. The $250,000
applies per depositor, per depository institution for each account ownership
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