Central Bank & Trust - A Tradition of Excellence

Central Bank & Trust is proud to participate in the following programs:

Under this program, through June 30, 2010, 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.

Noninterest-bearing transaction accounts are defined as:

A transaction account that earns no interest. For example, a personal or business demand deposit checking account that allows for an unlimited number of deposits and withdrawals at any time.

Other accounts that will be covered under this program are:

NOW accounts that earn an interest rate of 0.50% or less.
Lawyer Trust Accounts (IOLTAs)

Under this program, through December 13, 2013, deposits at FDIC insured institutions are now insured up to at least $250,000 per depositor.

For more information on either program, stop by or visit http://www.fdic.gov/deposit/index.html.

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