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Important Reminder: Over-The-Counter Sales of Paper Savings Bonds Will Be Discontinued After December 31, 2011


The U.S. Department of the Treasury has announced that as of December 31, 2011 banks will no longer be able to submit purchased savings bond forms for customers. To learn how to submit your own bond purchases, for the rest of the article and for frequently asked questions, click here.


eStatements are Here!

Tired of those monthly statements piling up?  All eTouch24 users will notice an added tab to their menu options in their Internet banking accounts. Simply click on the eStatements tab, go through the five step registration process, and you will no longer receive statements by mail!

Not an eTouch24 user? Sign up for the free service today and contact us at your earliest convenience!

Another free service provided by State Bank of Cerro Gordo...your bank today...your bank in the future.

 


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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

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 deposit insurance rules.

 

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). 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.

 

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