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Los Alamos National Bank is participating in
the FDIC's Transaction Account Guarantee
Program. Under that Program, through
December 31, 2009, all noninterest-bearing
transaction accounts are fully guaranteed by
the FDIC for the entire amount of the
account. Coverage under the Transaction
Account Guarantee Program is in addition
to and separate from coverage available
under the FDIC's general deposit insurance
So you feel your cash is safe and protected when you walk through the door of the bank, much safer than when you kept it under your mattress. And you should. But, are your funds all covered by FDIC insurance just because you walked into a secure-looking building with iron bars and guards? Not necessarily -
it depends on which of the bank's products you decide to use.
What IS and what IS NOT protected by FDIC insurance
FDIC Insured
- Checking Accounts, including money market deposit accounts
- Saving Accounts, including passbook accounts
- Certificates of Deposit
- Retirement Accounts, consisting of cash on deposit at a bank or thrift
- FDIC website help:
- This is a
brochure that gives information regarding different types of accounts.
- This is an online calculator that you can use to see if you are fully insured on all accounts.
NOT FDIC Insured
- Investments in mutual funds, (stock, bond or money market mutual funds), whether purchased from a bank, brokerage or dealer
- Annuities (available a some banks; often purchased from an insurance company)
- Stocks, Bonds, Treasury Securities or other investment products, whether purchased through a bank or a broker/dealer
Contact FDIC directly for more
information |
