On October 3,2008, FDIC deposit insurance temporarily increased from $100,000.00 to $250,000.00 per depositor
through December 31,2009.
Schuyler State Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through
December 31,2009, all non-interest -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.
Click here to go to the FDIC website
to calculate your deposit insurance.
Notice: After December 31, 2009, funds held in non-interest bearing transaction accounts at Schuyler State Bank will no
longer be guaranteed in full under the Transaction Account Guaranteed program, but will be insured up to $250,000.00
under the FDIC’s general deposit insurance rules.