Congress passed new legislation increasing the FDIC insurance for all depositors of banks that are members of the FDIC. The new law provides insurance coverage as follows:

• Non-Interest Bearing Transaction Accounts ~ Unlimited Coverage – only at participating FDIC-insured banks and savings associations (Meadows Bank is a participating bank)
  
• Interest Bearing Accounts
  • Single Accounts (owned by one person) ~ $250,000 per owner
  • Joint Accounts (two or more persons) ~ $250,000 per co-owner
  • Trust Accounts ~ $250,000 per owner per beneficiary subject to specific limitations and requirements
  • Corporation, Partnership and Unincorporated Association Accounts ~ $250,000 per corporation, partnership or unincorporated association
  • Employee Benefit Plan Accounts ~ $250,000 for the non-contingent, ascertainable interest of each participant

• Features
• Online Banking Security
• Browser Security Check
• BankNow Demo
• Enroll Now!