All Participating Banks are Members FDIC
Your CD and High-Yield Savings deposits are insured by the FDIC, an independent agency of the U.S.
Government, to a maximum amount of $250,000 (including principal and interest) for all deposits held
in the same capacity per insured financial institution. Any accounts or deposits that you already
maintain directly with a particular insured financial institution, or through any other intermediary
in the same capacity in which the CDs and High-Yield Savings deposits are maintained, may be
aggregated with the CDs and High-Yield Savings accounts for purposes of the $250,000 limit.
On October 3, 2008, FDIC deposit insurance temporarily increased
from $100,000 to $250,000 per depositor through December 31, 2009.
For detailed information about this change,
please visit: http://www.fdic.gov/news/news/financial/2008/fil08102a.html
For additional information about deposit insurance, please
visit: http://www.fdic.gov/deposit/deposits/insuringdeposits/index.html
EDIE (Electronic Deposit Insurance Estimator)
To use the FDIC's EDIE
(Electronic Deposit Insurance Estimator) to check your accounts, please visit: http://www.fdic.gov/edie/calculator.html
EDIE is designed to give an accurate deposit insurance calculation, assuming it is properly used and the account information is correctly entered. However, the results and conclusions generated by EDIE are strictly advisory. All actual claims for deposit insurance shall be governed exclusively by information set forth in the FDIC-insured institution's records and applicable federal statutes and regulations then in effect. The calculation is based on the deposit insurance regulations in effect as of October 2008.
The Veribanc® Rating System
All of the banks in the MoneyAisle network have been pre-qualified using the Veribanc rating service. Banks who were rated low, "Red with No Stars", in the most recent available reporting period (September 30, 2008) are not accepted into the MoneyAisle network. A "Red with No Stars" bank could indicate that the institution's equity is less than three percent of its assets, it incurred a significant net loss during the most recent reporting quarter, or other serious deficiencies.
Our use of this service to help protect your deposits and to maintain the quality of the banks in the MoneyAisle network is part of our commitment to consumer protection. For more information on Veribanc's rating system, please click here.
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