At Hanover Community Bank you can enjoy peace of mind knowing that the FDIC has increased its deposit insurance coverage to $250,000 per depositor.
All deposit accounts at Hanover Community Bank are covered, including checking, savings, CDs and money market savings accounts up to the insured limit. Other investments, such as stock, bonds and mutual funds purchased through Hanover Community Bank are not covered.
From December 31, 2010 through December 31, 2012, deposits held in noninterest-bearing transaction accounts will be fully insured regardless of the amount in the account.
The base coverage amount is $250,000 per depositor for combined accounts in the same insured bank. However, if you have joint and individual accounts, you and your spouse may be eligible for additional coverage. The FDIC coverage increases are automatic.
To calculate how your own accounts are covered please visit:
* This is a link to a third party site.