On July 21, 2010, FDIC deposit
insurance permanently increased from
$100,000 to $250,000 per depositor
based on the Dodd-Frank Wall Street Reform and Consumer Protection Act.
NVE Bank proudly announces that it has chosen to participate in the FDIC's Temporary Transaction Account Guarantee Program.
NVE Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-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. |