May 20, 2009
Your bank deposits are safe at ANB with FDIC insurance coverage now up to $250,000
per depositor, through December 31, 2013. On January 1, 2014, the standard insurance
amount will return to $100,000 per depositor for all account categories, except
for IRAs and other certain retirement accounts which will remain at $250,000 per
depositor. (This supersedes the October 3, 2008 changes.)
If you have deposits over $250,000 there is additional FDIC insurance coverage based
on how we can structure your accounts, making sure those funds are also safe.
The extension announced on May 20, 2009, does not apply to the Transaction Account
Guarantee Program. The unlimited coverage under the Transaction Account Guarantee
Program is only in effect for depositors at participating institutions through December
31, 2010.
Transaction Account Guarantee Program
American National Bank is participating in FDIC's Transaction Account Guarantee
Program. Under the Program, through December 31, 2010, all non-interest bearing
transaction accounts and interest bearing accounts (not including Money Market
Accounts, UltimateSelect Checking and BusinessSelect NOW Accounts)
that earn
0.25% interest or less with American National Bank now have unlimited FDIC
deposit insurance coverage. 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.
Transaction Account
Guarantee Program Q and A
If you have any specific questions regarding FDIC Insurance Coverage, please
contact the bank directly or click on the FDIC website link below for detailed
consumer information.
FDIC Consumer Information
FDIC Insurance Video
FDIC to Provide Quick Tips for Consumers Over the Internet
New service announced in conjunction with National Consumer Protection Week
At any age or stage in life, it's important to stay informed about ways to save
and protect your money. The FDIC, in observance of National Consumer Protection
Week (NCPW) March 7-13 and its theme of helping people of all ages exercise their
consumer rights, announced today that the agency will begin to regularly deliver
timely tips on money management on the agency's Web site and through an e-mail subscription
service.
The first five tips will be issued during NCPW – one each day – beginning Monday,
March 8. Starting the following Monday, the tips will be provided on a weekly basis
as the FDIC "Consumer Tip of the Week." Topics will range from saving and borrowing
money to protecting money with FDIC insurance and avoiding financial fraud.
The FDIC's "Consumer Tip of the Week" may be found at www.fdic.gov/consumertips.
Consumers, members of the media, financial educators and anyone else interested
in receiving the tips automatically in e-mails should subscribe to the "Consumer
Tip of the Week" using the e-mail update link on this Web page.
For more information about the FDIC's educational programs and service for consumers,
including a toll-free Call Center, free videos and brochures, current and past issues
of FDIC Consumer News (including the Spring 2008 special edition entitled "Money
Tips for All Ages: Your Finances at Different Stages of Life"), and the Money Smart
financial education curriculum (one version for adults and one for young adults),
visit www.fdic.gov or call 1-877-ASK-FDIC (1-877-275-3342). The FDIC also has added
a special Web page about National Consumer Protection Week at www.fdic.gov/ncpw
that features quick links to several of the agency's products for consumers.
We want to hear from you. Contact us at
info@anbbank.com
|
Equal Housing Lender
