Falcon National Bank offers competitive rates without risk. Since we are a member of the Federal Deposit Insurance Corporation (FDIC), your deposits are insured by the federal government.* There is no cost to you for this insurance.
Accounts insured by the FDIC:
Accounts not insured by the FDIC:
- Money market
- Certificates of Deposit (CDs)
- Certain retirement plans
- Mutual Funds
- Life insurance policies
- Municipal securities
*The Federal Deposit Insurance Corporation ("FDIC") insures deposits up to $250,000 per depositor, for each insured financial institution.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACOUNTS. All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to , and separate from, the coverage of at least $250,000 available o depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account 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 www.fdic.gov