HomeAbout UsImportant NewsContact Us
Peabody State Bank
DepositsLoansInvestmentsInsuranceOther ServicesFinancial CalculatorsCommunity Resources

FDIC Insurance News

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.




FDIC Deposit Insurance Coverage Limits1
by account ownership category
Single Accounts
owned by one person
$ 250,000 per owner
Joint Accounts
owned by two or more persons
$ 250,000 per co-owner
Certain Retirement Accounts
includes IRAs
$ 250,000 per owner
Revocable Trust Accounts $ 250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific limitations and requirements)
Corporation, Partnership and Unincorporated Association Accounts $ 250,000 per corporation, partnership or unincorporated association
Irrevocable Trust Accounts $ 250,000 for the non-contingent, ascertainable interest of each beneficiary
Employee Benefit Plan Accounts $ 250,000 for the non-contingent, ascertainable interest of each plan participant
Government Accounts $ 250,000 per official custodian
To calculate your deposit insurance coverage
Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.
For questions about FDIC coverage limits and requirements
Visit www.FDIC.gov/deposit/deposits, call toll-free 1-877-ASK-FDIC, or ask a representative at your bank.


FREE CREDIT REPORTS

A recent amendment to the federal Fair Credit Reporting Act requires each of the nationwide consumer reporting companies - Equifax, Experian, and TransUnion - to provide you with a free copy of your credit report, at your request, once every 12 months. But there's only one online source authorized to do so. That's annualcreditreport.com .

Some other sites claim to offer "free" credit reports, but may charge you for another product if you accept a "free" report. Peabody State Bank has added this link to it's own website for your convenience and security. You will find the link listed in the Banking Services page and the Loan Services page.


Member FDIC
Peabody State Bank
Peabody, Kansas

Home | Privacy Policy | Terms of Use | USA PATRIOT ACT | Deposits | Loans
Investments | Insurance | Clarke American Check Reorder | Current Rates | Other Services | Financial Calculators
Community Resources | Important News | About Us

Equal Housing Lender
NOTICE: Peabody State Bank is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. Please contact us with any concerns or comments.