NOTICE: By federal law, as of January 1, 2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category.

For more information, visit

Coverage for 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 does not include other accounts such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts and Interest on Lawyers Trust Accounts (“IOLTAs”).
For more information about temporary FDIC insurance coverage of transaction accounts, visit