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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.

   
   
   
   
   
   
   

 

 

 




 KRDO "Saturday Business Magazine" sponsored by PPNB

Join us on Saturdays from 12:00 pm - 1:00 pm for the KRDO Saturday Business Magazine, brought to you by Pikes Peak National Bank. Co-hosts Ted Robertson from RCN Group, Inc. and Robin Roberts, President of Pikes Peak National Bank, will interview owners of local businesses, leaders in our business community and area organizations who provide resources to small businesses and entrepreneurs. The Saturday Business Magazine’s sole purpose is to highlight and support small businesses and entrepreneurs in the Pikes Peak region. We hope you’ll listen in!

NEW! NEW! NEW!  The Saturday Business Magazine will move to an hour-long format on Saturday, April 28th!  Our new time will be 12:00 pm - 1:00 pm each Saturday.

Saturday, May 12, 2012:  Benjamin Harvey, Northwestern Mutual

Saturday, May 19, 2012:  Nelson Roseland, Platinum Relations and Board Member of the Old Colorado City Merchant's Association

Listen to previous shows here!