FDIC
Insurance
For
complete information on FDIC Insurance coverage,
please click on the FDIC logo below.
Peoples
State Bank of Munising is
participating in the FDIC’s Transaction
Account Guarantee Program. Under that program,
through December 31 , 2010, all non-interest
bearing transaction accounts 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. Peoples State Bank
NOW accounts do not qualify for the Transaction
Account Guarantee program as the Bank has
not committed to holding the interest rate
at or below 0.25%.
NOTICE
TO CUSTOMERS WITH TRANSFER OR SWEEP ARRANGEMENTS
If
you have a non-interest bearing transaction
account with a transfer or sweep arrangement
to an interest bearing transaction account,
that transfer could decrease your FDIC
deposit insurance coverage.
|
