NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTSAll funds in a “noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, 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 account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
Home | Deposit Products | Loan Products | About Us | Hours/Locations Merrimac Savings Bank is a community bank serving the communities of West Newbury and Merrimac MA, as well as Newton, NH. |
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| Merrimac Savings Bank will NEVER ask you for private information by phone or unsolicited email. Click here to protect yourself against Identity Theft. Online Security for Consumers Click here to learn more about online security and protecting yourself from fraud. TEMPORARY FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS Fraudulent E-Mail Claims to Be From the FDIC Click here to view this new consumer alert. FREE Online Banking & Bill Pay! Please try our Demo on the left of this page. |