NOTICE OF CHANGES IN TEMPORARY FDIC...

[DirtyMartian]

Sorry if this is a repost of info but I Thought it was interesting

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in fullby the Federal Deposit Insurance Corporation from December 31, 2010,through December 31, 2012.

This temporary unlimited coverage is inaddition 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 does not include other accounts,such as traditional checking or demand deposit accounts that may earninterest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts (“IOLTAs”).

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

http://www.fdic.gov/deposit/deposits/changes2.html

[Carrello]

Old, old news. Law passed in October 2010 (I believe).

You might search for a topic before posting it. Thank you for your due diligence.

[Liljohn]

Old, old news. Law passed in October 2010 (I believe).

You might search for a topic before posting it. Thank you for your due diligence.

WHY IS IT THAT EVERYTHING YOU POST IS NEGATIVE COMMENTS?

[MovieMaker]

Thanks for your time in sharing with those who might not have seen this. Good Job

[TimS]

This is something good to know for those of you that do not have an investment plan......if the RV hits tomorrow, you can at least open up of of these non-interest bearing checking accounts so your money is protected for a year. That should give you ample time to do your homework with your attorney, investment banker and accountant before putting it into interest instruments.