July 21, 2010 :
Basic FDIC Insurance coverage permanently
increased to $250,000 per depositor.
December 2010 : NOTICE OF CHANGES IN TEMPORARY
FDIC INSURANCE
COVERAGE FOR
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
Paper savings bonds are no longer being sold at Financial institutions as of
December 31, 2011.
We did it again!! ***** 5 Stars ***** The Bank of Bennington
has been rated 5-Stars again
by Bauer Financial, Inc.,
"the nations bank rating service."
for 82 consecutive quarters.
That is over 20 Years!
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