The Treasury plans to end paper Federal Tax Deposit (FTD) coupon processing
after December 31, 2010, under a proposed rule from the IRS. To make your
tax payments log on to www.eftps.gov, and for questions contact us at (770)419-3337.
On July 21, 2010, the United States President signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises
the current standard maximum deposit insurance amount to $250,000.
All funds in a "non-interest 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 deposit insurance rules.
The term "non-interest bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.