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US Savings Bonds
Changes to U.S. Savings Bonds
Paper U.S. Savings Bonds will not be sold through financial institutions or mail order after 2011. You can buy and manage electronic savings bonds safely online, 24/7. Sign up today for a TreasuryDirect account at www.treasurydirect.gov
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Reminder: Farmers Security Bank will NEVER contact you via Email. If you receive an Email from NACHA or FDIC DO NOT open it.
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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31st, 2010, through December 31st, 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 the link below:
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Additional Related Information
Links
FDIC Official Site
FDIC Federal Deposit Insurance Corporation
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