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FDIC Transaction Account Guarantee Program
Cardinal 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 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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The guarantee also applies to our negotiable order of withdrawal (NOW)
accounts with interest rates of 0.50 percent or less. This program insures
these accounts fully – yes, 100 percent coverage through the end of 2009.
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In this uncertain environment, we know that FDIC protection is important,
and we wanted to provide you with this extra protection.
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We think this added coverage will be particularly valuable to small
businesses to assure that their payroll accounts are fully insured.
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We believe that this is a low-cost way to provide extra deposit insurance
protection for customers and provide extra assurance that their money is
safe.
With EDIE, you can:
- Learn about deposit insurance
- Learn how FDIC calculates deposit insurance
- Estimate the adequacy of your deposit insurance
Access EDIE in
English or
Spanish
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