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FDIC deposit insurance is $250,000 per depositor. Clay County Savings Bank is also 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.
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OTHER LINKS
Federal Deposit Insurance Corporation
Direct Deposit and Direct Payment