NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
Bank of Whittier, N.A. is participating in the FDIC’s Transaction Account Guarantee Program.
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
to 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 does not include other
accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts,
money-market deposit accounts, and Interest on Lawyers Trust Accounts (“IOLTAs”).
To
Speak to One of our Private Bankers please click here Online Application
Business Interest Checking Plus
This Type of Account is Designed
for Businesses that are: Sole-proprietorships, philanthropic,
public agencies, and non-profit organizations that:
Keep higher daily available balances
during the statement cycle and
Seek higher interest rates on tiered
balances.
You must maintain the minimum daily available balance for
each tier to obtain the "Annual Percentage Yield" (APY) disclosed.
Please see your disclosure statement provided at the time
of the account opening for further details governing your account,
or speak with your Private Banker.
Account Information:
Minimum Opening Deposit
$100.00
Minimum daily available
balance to avoid monthly maintenance and per item charges
$3,500.00
Minimum daily available
balance required to obtain minimum interest rate
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