Peoples Federal Savings Bank News

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general insurance rules. The term “noninterest-bearing transaction [...]

You can enjoy peace of mind knowing that your accounts at Peoples Federal Savings Bank are insured up to $250,000 per depositor by the Federal Deposit Insurance Corporation (FDIC). The temporary increase in FDIC insurance coverage from $100,000 to $250,000 per depositor had an initial deadline of December 31, 2010, and then an extended deadline [...]