Consider what’s important to you before you choose a bank.
- Your Money Is Safe and Secure
- Convenient Locations and Hours
- Competitive Interest Rates
- Knowledgeable Assistance With Investing
- Community Support
At Byron Bank, our genuine passion for delighting our customers at every
opportunity is the keystone of our foundation, the catalyst of our growth,
and the purpose of our future.
Due to the recent national financial problems we want to assure you that Byron Bank is a safe place for your money. As an independent bank with high capital and excellent ratings for safety we will protect your assets. Come in and receive your FREE FDIC insurance customized analysis showing the coverage of your deposits at Byron Bank and/or other banks.
In addition , the FDIC protects your money with insurance
up to $250,000 for each depositor. Retirement accounts are also covered
up to $250,000. You can learn more about this new insurance coverage
by clicking here to read the
FDIC press release. By titling accounts properly your
money can be insured to much larger amounts.
Disclosure
The standard FDIC insurance amount currently is $250,000 per depositor. The $250,000 limit is permanent for certain retirement accounts (includes IRAs) and is temporary for all other deposit accounts through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all deposit accounts except certain retirement accounts, which will remain at $250,000 per depositor.
Security State Bank of Fergus Falls is participating in the FDIC's Transaction Account Guarantee Program. Under this program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
