FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. Click here for basic FDIC Deposit Insurance coverage limits.

Millbury National Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under the 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.

Beginning January 1, 2010 Millbury National Bank will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after 12/31/09, funds held in non interest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.