
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.
Join us on Saturdays from 11:30 am
-12:00 pm for the KRDO Saturday Business Magazine, brought to you by
Pikes Peak National Bank. Co-hosts Dan Cochell from
KRDO 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!
Saturday, February 25, 2012: Guest: Deborah Thornton, Executive Director and David Lee, Imagination Celebration Topic: The What IF Festival of Innovation and Imagination
Saturday, March 3, 2012: Guest: Michelle Bracewell, owner, Bracewell Web Works Topic: Web sites for small businesses.
Saturday, March 10, 2012: Guest: Sam Eppley, President, Sparrow Hawk Cookware and President, Downtown Partnership Topic: Small Business and the Colorado Springs Downtown area