What is the FDIC insurance limit for my accounts?

Your deposits at Marion County Bank are fully insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC), and are therefore backed by the full faith and credit of the U.S. government. Please keep in mind, FDIC coverage depends on the type of accounts you have and the ownership of those accounts. You can learn more about FDIC coverage and how you are impacted by visiting the FDIC Website. Estimate your coverage by accessing the FDIC Electronic Deposit Insurance Estimator. For more information please visit Marion County Bank or call us at 641-628-2191.

General FDIC insurance limit:
Your deposits at Marion County Bank are fully insured by the FDIC up to the Standard Maximum Deposit Insurance Amount of $250,000, and are therefore backed by the full faith and credit of the U.S. government. Please keep in mind that FDIC insurance coverage depends on the types of accounts you have and the ownership of those accounts. Special rules for non-interest-bearing transaction accounts are discussed below. You can learn more about FDIC coverage and how you are impacted by visiting the FDIC website. Estimate your coverage by accessing the FDIC Electronic Deposit Insurance Estimator.

Special FDIC Insurance Provisions for Non-Interest-Bearing Transaction Accounts:

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, from December 31, 2010, through December 31, 2012, all funds in "non-interest-bearing transaction accounts" are insured in full by the FDIC. This 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 account (or demand deposit account) on which the insured depository institution pays no interest. It does not include any transaction account that may earn interest, such as a negotiable order of withdrawal ("NOW") account, money market deposit account, or Interest on Lawyers Trust Account ("IOLTA"), even if checks may be drawn on the account.

The temporary full insurance coverage of "non-interest-bearing transaction accounts" expires on December 31, 2012. After December 31, 2012, funds in non-interest-bearing transaction accounts will be insured under the FDIC's general deposit insurance rules, subject to the Standard Maximum Deposit Insurance Amount of $250,000.

For more information about FDIC insurance coverage of transaction accounts, visit http://www.fdic.gov