FDIC
FDIC deposit insurance on all accounts was increased to $250,000
per depositor through December 31, 2013.
Additionally, Capital
Bank of NJ is participating in the FDIC’s Transaction Account Guarantee
Program. Under that program, through December 31, 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.
Non-interest bearing transaction accounts include NOW (Negotiable
Order of Withdrawal) accounts earning an interest rate of 0.25%
or less and all IOLTA (Interest on Lawyers Trust Accounts).
With a Capital Bank CD, even investments larger than the current FDIC insurance limit are eligible for full FDIC insurance.
We’re a Member of the CDARS® System - click here for more information.
The Federal Deposit Insurance Corporation (FDIC) preserves and
promotes public confidence in the U.S. financial system by insuring
deposits in banks and thrift institutions for at least $250,000;
by identifying, monitoring and addressing risks to the deposit
insurance funds; and by limiting the effect on the economy and
the financial system when a bank or thrift institution fails.
For more information, please visit the FDIC's website
