Brock White
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Transaction Account Guarantee Program Changes for 2011

Changes in Temporary FDIC Insurance Coverage for Transaction Accounts.
All funds in a “non-interest bearing transaction account” are insured in full by the FDIC from December 31, 2010-December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “non-interest bearing transaction account” includes a traditional checking or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs")  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit