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Temporary Liquidity Guarantee Program
This program fully guarantees all non-interest bearing transaction accounts. If you would like to learn more click here!
FDIC INSURANCE PERMANENTLY RAISED TO $250,000!
The Wanda State Bank is a member of the Federal Deposit Insurance Corporation (FDIC) so the funds in your Wanda State Bank checking, savings, and certificates of deposits (CD's) are automatically insured up to the applicable FDIC limits.
Effective October 3, 2009 and then extended through December 31, 2013, the basic deposit insurance limit had been increased from$100,000 to $250,000.
On July 21, 2010, President Obama signed the Wall Street Reform and Consumer Protection Act, which in part, PERMANENTLY raises the current standard maximum deposit insurance amount to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.
If you have any questions about these changes, or wish to determine how you can maximize your FDIC Insurance coverage, please contact us at 507-342-5187.
CHECK THIS OUT!
Are you unsure if you are FDIC insured? The FDIC has an online tool to help you determine if you are covered. Their site is https://www2.fdic.gov/EDIE/ . Simply click on the green box that says Electronic Deposit Insurance Estimator (EDIE Estimator Tab), enter your information carefully and print your own personalized report.
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