NEW! Increased Federal Insurance Provides Safety and Security
Unlimited deposit insurance coverage is available through 06/30/10 for non–interest bearing transaction accounts at Tamalpais Bank.
In an often unpredictable economy, we understand you want to be certain that your deposits with Tamalpais Bank are secure. With our history of strength and stability and the backing of federal insurance on your Tamalpais Bank deposits, you can enjoy peace of mind knowing that your funds are safe.
Tamalpais Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, 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.
Under this new program, noninterest–bearing transaction accounts include accounts whose interest rate is equal to or less than .50%.
All other deposit accounts are FDIC insured up to $250,000 per depositor. On October 3, 2008, Congress passed new legislation increasing FDIC coverage temporarily from $100,000 to $250,000 through December 31, 2013 for depositors of all banks that are members of the FDIC. On January 1, 2014 the standard insurance amount will return to $100,000 per depositor for all deposit accounts except certain retirement accounts, which will remain at $250,000 per depositor.
Examples:
- Single accounts = insured up to $250,000
- Joint accounts (equal ownership) = insured up to $250,000 for each owner
- IRA deposits = insured up to $250,000 per plan depositor
- Accounts that are registered in a Living Trust = insured up to $250,000 per owner, per beneficiary.
Please call your local branch for questions.
WANT TO KNOW MORE?
Your local branch is happy to sit down with you to discuss your particular deposits.
Videos on Deposit Insurance Coverage: FDIC: The More You Know, The Safer Your Money
A one-minute video that explains the FDIC’s temporary increase in the basic insurance limit to $250,000.
www.fdic.gov/deposit/deposits/video/safer/quicktime/FDIC_Bank_Vid_H264_640x360.mov
The FDIC also provide its Electronic Deposit Insurance Estimator at www.MyFDICInsurance.gov
Frequently asked questions can be located at www.fdic.gov/deposit/difaq.html
You can toll–free 1–877–ASK–FDIC (1–877–275–3342) Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1–800–925–4618.
