
Coastal Community Bank is participating in the FDIC's Extended Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.
This unlimited coverage also extends to NOW Accounts (interest-bearing transaction deposit accounts) earning an interest rate no greater than .25%.
For NOW accounts such as Coastal's Green Rewards account that pay more than .25%, coverage under the FDIC's general deposit insurance rules continues to be available.
Additionally all IOLTAs (lawyers trust accounts) 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.
View the FDIC's insurance coverage calculator - EDIE
EDIE can be used to calculate the insurance coverage of all types of deposit accounts offered by an FDIC-insured bank, including:
- Checking Accounts
- Savings Accounts (both statement and passbook)
- Money Market Deposit Accounts (MMDAs), and
- Certificates of Deposit (CDs)




