Rates

Rates

 

a) A penalty may be imposed for early withdrawal.

b) The interest rate and annal percentage yield may change after account opening.

c) Daily balance. The amount of the principal in the account each day.

Fees could reduce the earnings on the account. Interest rates and annual percentage yields are current as of January 30, 2012. For current rate information please call The Bank of Fincastle at (540) 473-2761. For customers in the Bedford area, please contact The Bank of Fincastle's Bedford location at (540) 587-6544.

 

FDIC Insurance Notice

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.