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Now offering a SPECIAL LOW RATE for newer vehicles. Contact a Lender (http://www.sturgisbank.com/contact-loan-department.htm) today!.. Health Savings Accounts (HSA) help you manage your health care expenses without risking health care coverage. Learn more (http://www.sturgisbank.com/health-savings-accounts.htm)... The Holiday Savings is a great way to put a little money aside throughout the year so you have the money you need for the holidays. Open your Holiday Savings today and enjoy the holidays without feeli.. On Dec. 31, 2011, the U.S. Department of the Treasury will end over-the-counter sales of paper savings bonds. Sturgis Bank & Trust Company will stop accepting applications for bonds on Dec. 29, 20..Auto Loan Special!
03-Nov-2011
Health Savings Account
03-Nov-2011
Holiday Savings Account
03-Nov-2011
U. S. Savings Bonds are Going Paperless
03-Nov-2011
You Are Here: Home : FDIC Insurance Rules
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
All 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.
