depository bond

Depository Bonds, your key to account safety!

Do you have savings or checking account balances in excess of $250,000?  You may want to consider a depository bond.  For 2013, the FDIC has continued its practice of providing account protection for balances to $250,000 (see the FDIC circular… Continue Reading →

Bank Depository Bonds

A bank depository bond is a surety bond purchased by a bank to guarantee the safety of a depositor’s funds and their availability for withdrawal as indicated in the terms of the deposit agreement. While depository bonds can be procured… Continue Reading →

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