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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR
TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs") It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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Nobody has trouble spending money. The question is, what should you do with it when you want to save it?
If you're looking to put your savings into a FDIC-insured account, and you want the convenience of
viewing your accounts online, you've come to the right place.
Prudential Bank & Trust, FSB provides a comprehensive product offering designed to meet different lifestyle and banking needs. You'll find
IRAs, CDs, savings accounts, checking accounts and more.
With Prudential Bank & Trust, you can get your finances in order the easy way - your way.
The fees associated with account balances remaining in the plan will be different from, and are likely to be less than, the fees associated with a
rollover IRA. You should review your Plan’s provisions to determine whether you are permitted to keep your account balance in the plan sponsored by
your former employer or discuss rollover provisions in your new employer’s plan. You may contact Prudential Retirement at 1-888-244-6295 Option 1 to obtain a
comparison of fees between your former employer’s plan record kept by Prudential and an IRA. Prudential is very likely to earn more revenue if
funds are rolled over to an IRA than if maintained in your account balance under your former employer's plan. If you remain in your former employer's
plan, the investment choices are selected by a party that has a fiduciary obligation to act in your best interest. The IRA is not affiliated with any
employer-sponsored plan or plan sponsor, and a rollover to an IRA means you are no longer part of an employer-sponsored plan. Once assets are rolled
over to an IRA, they normally cannot be rolled back to a former employer's plan.
Retirement Counselors are Registered Representatives of Prudential Investment Management Services LLC who will receive compensation if you
decide to either roll over your plan account to an individual retirement account (or "IRA") through Prudential or keep your funds in your
employer-sponsored retirement plan. The timing and amount of these compensation payments for an IRA rollover is more favorable than for remaining in the plan. Should you choose to roll to an IRA through Prudential, such compensation does not differ based on which IRA you choose or how your money is invested.
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Banking products and services offered through Prudential Bank & Trust, FSB. Member FDIC.
On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, which, in part, permanently raises the current standard maximum deposit insurance amount (SMDIA) to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. For additional information regarding FDIC's deposit insurance coverage, please visit the Electronic Deposit Insurance Estimator (EDIE) at www.FDIC.gov/EDIE or call the FDIC at
1-877-ASK-FDIC (1-877-275-3342).
Prudential Bank & Trust, FSB is a Prudential Financial company. Prudential,
the Prudential logo, and the Rock symbol are service marks of Prudential
Financial, Inc., and its related entities, registered in many jurisdictions
worldwide.
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