FDIC Consumer News provides practical guidance on how to become a smarter, safer user of financial services.
Each issue offers helpful hints, quick tips, and common-sense strategies to protect and stretch your hard-earned dollars.
We have chosen to highlight several articles, but a large library of FDIC articles are available
at the FDIC's Consumer Website.
Key Articles of Interest
FDICís TRANSACTION ACCOUNT GUARANTEE PROGRAM
First CornerStone Bank is participating in the FDICís Transaction Account Guarantee Program.
Through December 31, 2012, 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 FDICís general deposit insurance rules.
First CornerStone Bank accounts defined as non-interest bearing transaction accounts include
our Personal Checking, Economy Checking, Business Checking and Choice Business Checking
For customers with First CornerStone Bank sweep accounts, funds swept overnight into
interest-bearing accounts are not eligible for this additional coverage.
For questions or more information, please contact a First CornerStone Bank branch
representative or visit www.fdic.gov.
FDIC EXTENDS $250,000 DEPOSIT LIMIT
The Federal Deposit Insurance Corporation (FDIC) has extended the $250,000 insurance limit on deposit accounts permanently. Additional details are available at the FDICís website: https://www.fdic.gov/deposit/deposits/
For additional information please contact a First CornerStone Bank branch representative.