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Transaction Account Guarantee Program
River
Cities Bank is participating in the FDIC's
Transaction Account Guarantee Program. Under that
program,
noninterest-bearing transaction accounts are fully
guaranteed by the FDIC for the entire amount in the
account through December 31, 2012. 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.
The
following accounts are fully guaranteed:
-
Non-Interest Checking Accounts such as business
checking accounts, provided interest is neither
accrued nor paid.
-
Certain Low Interest Transaction Accounts such
as personal checking accounts and checking
accounts of sole proprietorship and non-profits
with an interest rate no more than 0.25%, and
Interest on Lawyer Trust Accounts, regardless of
the interest rate.
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