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Member FDICNon-Interest Bearing Deposit Transaction Accounts Now Fully Insured"California Bank & Trust" has elected to participate in the Federal Government’s Transaction Account Guarantee Program. What this means is that your noninterest-bearing checking account balances are fully insured by the FDIC, regardless of the balance, through June 30, 2010. Noninterest bearing accounts include Interest on Lawyers Trust Accounts and transaction accounts earning 0.50% interest or less. Special Rule for Sweep Investments If you have a noninterest-bearing checking account that "sweeps" funds into another account, you should be aware that funds swept to an interest-bearing account, a non-transaction account or overnight investment account will not be covered by the FDIC Transaction Account Guarantee Program. |
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Copyright 2010 California Bank & Trust |
Equal Housing Lender | Member FDIC | Preferred SBA Lender
Copyright 2010 California Bank & Trust |
Equal Housing Lender | Member FDIC | Preferred SBA Lender