FDIC Insurance
The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014 the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts which will remain at $250,000 per depositor.
Temporary Liquidity Guarantee Program
Transaction Account Guarantee Program - Northern State Bank is participating in the "Transaction Account Guarantee Program" which is part of the FDIC's Temporary Liquidity Guarantee Program. This program fully guarantees all non-interest bearing transaction accounts by the FDIC for the entire amount through June 30, 2010. This coverage is supplemental and separate from the coverage provided under the FDIC's general deposit insurance rules.