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Windsor
Federal Savings is participating in the
FDIC’s Transaction
Account Guarantee Program
Under the Treasury Account
Guarantee (TAG) Program, through December 31, 2010, (unless the
FDIC announces an extension to the program by October 29, 2010),
all non-interest bearing transaction accounts are fully insured by
the FDIC regardless of the balance in the account.
Under the regulations, non-interest bearing transaction
accounts include Interest on Lawyers Trust Accounts (IOLTAs) and
NOW accounts with interest rates no higher than .25%.
This means that all Windsor Federal Savings personal and
business checking accounts except for our Performance Plus
Checking Accounts are fully guaranteed under the TAG Program.
Because we pay or reserve the right to pay an interest rate
greater than .25% on our Performance Plus Checking Accounts, these
accounts are not eligible for the extended coverage provided by
the TAG Program.
The coverage provided under the Transaction
Account Guarantee (TAG) Program is in addition to and separate
from the coverage available under the FDIC’s general deposit
insurance rules.
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