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To Learn About Deposit Insurance

Safety, Liquidity, Return

It Helps To Know The Facts Before Making Investment Decisions

Financial institutions today offer a variety of products and investment options, from simple checking and savings accounts to mutual funds. Which is right for you? Only you can make that decision. But knowing your options will help.

Financial advisors consider three major factors when making investment decisions:

SAFETY – Is the investment insured; can you lose the interest or principal?

LIQUIDITY – How available is your money? Can you get it at a moment’s notice, or must you wait?

RETURN – What is the rate of return?

It helps to think of these three factors as points of a triangle. For most financial products and investments, these factors should be carefully considered. Seldom does an investment offer all three: safety, liquidity and high return.

Specially trained staff can work with you to describe products that could be suitable to your needs.The low risk associated with insured deposit accounts will often mean low return (interest paid). However, the FDIC stands behind those deposit accounts. Not a penny of insured deposits – principal or interest – has been lost since FDIC’s creation in 1933.

Uninsured Investments/Mutual Funds

Investments such as mutual funds, annuities and securities are increasingly attractive options to consumers and often are available from Full Service Banks®. However, no matter who is selling them, they are not insured by the FDIC, and they are not a deposit of, nor an obligation of, nor guaranteed by the bank or by the federal government. You can lose money (both principal and interest), as well as make money, with uninsured investments as the financial markets work through their cycles. In part because more risk is associated with uninsured investments, they have the potential for a higher return.

Is It Insured By The FDIC?

PRODUCTFDIC INSURED?
CHECKINGYES
A deposit account whose fund is available to the depositor through a check/draft.
NEGOTIABLE ORDER OF WlTHDRAWALYES
Similar to a checking account they pay interest, but may place limitations; e.g. the number of checks/month.
SAVINGSYES
Deposit made into an interest bearing account with the intent to leave the money in the account for an indefinite period of time.
CERTIFICATE OF DEPOSITYES
A deposit made into an interest bearing account for a definite period of time; e.g. one month, one year, etc.
INDIVIDUAL RETIREMENT DEPOSIT ACCOUNTSYES
These are usually savings accounts or certificates of deposit (see above).
CASHIER'S CHECKS, TRAVELERS CHECKS, MONEY ORDERS, ETC.YES
Checks/drafts of a financial institution that are purchased by the customer.
CONTENTS OF SAFE DEPOSIT BOXESNO
U.S. TREASURY SECURITIESNO
Borrowings of the U.S. Treasury
STOCKS, BONDS, OR OTHER INVESTMENTS ISSUED BY A FINANCIAL INSTITUTIONNO
Investment in the ownership (stocks) or borrowings (bonds, commercial paper) of the financial institution that issues them.
STOCKS, BONDS, OR OTHER INVESTMENTS PURCHASED THROUGH A FINANCIAL INSTITUTIONNO
Investment in the ownership (stocks) or borrowings (bonds,commercial paper) of the business that issues them.

LIMITATIONS:

  • $250,000 per depositor, covering both principal and interest. Ownership of the accounts (for example, single or joint) determines whether there is more coverage.
  • Insured when issued in exchange for money or a charge against a deposit account.
  • Individual Retirement Accounts which are not deposit accounts are not insured by the FDIC.

For many consumers, advisors would suggest a mix of investments — a combination of options that can help you achieve your specific goals. Whatever your goals and concerns, the people at your Full Service Bank want you to be fully informed.

For More Information

For detailed information about Federal Deposit Insurance, call 1-800-934-3342 and ask for the FDIC’s free brochures, “Your Insured Deposits” and “insured or Not Insured: A Guide to What Is and Is Not Protected by FDIC Insurance”. For more information about mutual funds and other investment products, ask your banker for a copy of the Office of the Comptroller of the Currency’s publication, “Deposits & Investments: There’s a Critical Difference.

Business Merchant Services

Merchant Service allows merchants the ability to process Master Card, Visa Card, Discover Card, and American Express transactions. This service has the potential to increase merchants profitability.

Merchants must come into any of our convenient locations to apply for these services. Just ask for a New Accounts Representative.

In addition to the potential increase in profitability you will receive the following benefits:

  • 24 Hour hot desk help.
  • Fax on demand.
  • Card Machine.

Business ACH Origination

ACH offers Merchants the opportunity to utilize Electronic Funds Transfers

Merchants must come into any of our convenient locations to apply for these services. Just ask for a New Accounts Representative.

  • Employer Payroll.
  • Billing Customers Accounts.

Remote Deposit Capture Service.

Make check deposits from the convenience of your home or office. Available to qualified businesses. Please call a New Accounts representative for more information.