The Bank Of Fayetteville is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010 all *noninterest-bearing transactions 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.
*Noninterest-bearing transaction accounts are identified as transaction accounts with interest rates no higher than .25%.
Click here to view the FDIC's Insurance Coverage Calculator - EDIE
The FDIC's Electronic Deposit Insurance Estimator, better known as "EDIE," can be used to calculate the insurance coverage of all types of deposit accounts offered by an FDIC-insured bank, including:
- Checking Accounts
- Savings Accounts
- Money Market Deposit Accounts, and
- Certificate of Deposits (CDs)
