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Important Information to our Clients Regarding First Federal Bank of California
and FDIC Insurance Guarantees
Your deposits at First Fed are insured up to $250,000 by the FDIC. Click here for information from the FDIC regarding your insured deposits. Additionally, First Federal Bank of California is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through June 30, 2010, all non-interest-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.
Per the FDIC’s Temporary Liquidity Guarantee Program Final Rule, non interest-bearing transaction accounts include consumer and business:
Non-interest-bearing checking accounts,
Interest on Lawyers Trust Accounts (IOLTAs), and
Interest-bearing checking accounts with interest rates of 50 basis points or less
Your deposits are safe with First Fed. If you have any questions, please talk with your Personal Banker or speak with a FirstFed Direct Specialist at 800.226.5332 between the hours of 8:00 a.m. and 6:00 p.m. Monday through Friday excluding holidays.
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