Transaction Account Guarantee Program
Our Strength: In times like these, we are reminded just how valuable the relationship between Synovus Financial Corp and The Bank of Nashville really is. We are confident because The Bank of Nashville, a division of Synovus Bank, has the full resources and backing of a holding company with more than $32 billion in assets and a 120 year history of financial strength.
What is the Transaction Account Guarantee Program?
Synovus Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts, which include Business NOW accounts with interest rates of .25% or below, 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. To learn more contact FDIC at www.fdic.gov.
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