The current standard maximum deposit insurance amount is $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.
NorStates Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 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. Negotiable Order of Withdrawal (NOW) accounts with interest rates of 0.25% or less are included in this program.
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