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The Safest Place For Your Money is Still in the BANK
Here's why:
- Deposits at FDIC-insured institutions are now insured up to at least $250,000
per depositor through December 31, 2013. On January 1, 2014, the standard insurance
amount will return to
$100,000 per depositor for all account categories except for
IRAs and other certain retirement accounts which will remain at $250,000 per depositor.
(This supersedes the October 3, 2008 changes.)
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In addition, National Bank is participating in the FDIC’s
Transaction Account Guarantee Program. Under that program, through June 30, 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.
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Banks are regularly and thoroughly examined by state and/or Federal regulators who
focus on institutional performance, soundness and risk management.
- The vast majority
of America’s banks are highly capitalized, with a cushion of $1.3 trillion as a
backup against possible losses.
Learn more about the safety of National Bank:
National Bank Receives BauerFinancial 5 Star Superior Rating
Are We in a Banking Crisis?
How Does the Current Economic Environment Affect Me?
FDIC Insurance Update
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