FDIC Transaction Account Guarantee Program

The Lowell Five Cent Savings Bank has chosen not to continue participating in the FDIC’s Transaction Account Guarantee Program. After December 31, 2009 customers of The Lowell Five Cent Savings Bank holding funds in non-interest bearing transaction accounts will no longer be insured in full under the Transaction Account Guarantee program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.

As always, all funds at The Lowell Five Cent Savings Bank above the FDIC’s general insurance rules are insured in full by the Depositors Insurance Fund (DIF)