Bank of Turtle Lake

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Copyright 2010 Bank of Turtle Lake, Turtle Lake, North Dakota
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TEMPORARY ACCOUNT GUARANTEE PROGRAM

Bank of Turtle Lake is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, 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. All NOW accounts are covered under this program since the interest rate is .50% or below. All Super NOW accounts are not covered under this program since the rate is above .50%. Regular Savings and MMDA accounts are not covered under this program as they are not considered to be transaction accounts.


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