Your deposits are FDIC insured.
The standard FDIC insurance amount has been permanently increased to $250,000 per depositor.
Additionally, Peoples Bank is 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.
Basic FDIC Deposit Insurance Coverage Limits
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Single Accounts (owned by one person) $250,000 per owner
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Joint Accounts (two or more persons) $250,000 per co-owner
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IRAs and certain other retirement accounts $250,000 per owner
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Trust Accounts $250,000 per owner per beneficiary subject to specific limitations and requirements
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Corporation, Partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association
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Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant
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Government Accounts $250,000 per official custodian
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Non-interest Bearing Transaction Accounts Unlimited coverage – only at participating FDIC-insured banks and savings associations; Peoples Bank is a participating financial institution. Unlimited deposit insurance coverage is available through December 31, 2010, for non-interest Demand Deposit Accounts issued to businesses or individuals.
Ask your Peoples Bank new accounts representative how to maximize your FDIC coverage. |
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