© 2008 Native American Bank, N.A.
Effective Janurary, 1, 2011, all funds in a "noninterest-bearing
transaction account" are insured in full by the FDIC through
December 31, 2012. This temporary unlimited coverage is in
addition 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 or demand deposit account on which the
insured depository institution pays no interest. It does not
include other accounts, such as trational checking or demand
deposit accounts that may earn interest, NOW accounts and
money market deposit accounts.