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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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Welcome and thanks for visiting Milton Savings Bank online. We pride ourselves in earning a 5-Star rating for the last 80 quarters. That's over 25 years of excellence in Banking. Not every bank can say they've earned Bauer's 5-Star rating, a sure sign that Milton Savings Bank is financially stable. This is especially important now in a time when it is increasingly difficult to shine, we have proven that it can be done. Our customers can rest assured that their deposits are well-placed in this 5-Star bank. Milton should be proud that their community bank is one of the elite financial institutions in America.
Our primary goal is to meet or exceed our customer's expectations on a daily basis. Our team of employees is committed to providing outstanding, personalized service for our customers. You'll find us the perfect choice for all your personal and business needs. Milton Savings Bank's officers, directors and employees are your friends and neighbors, local people committed to serving the local community.
If you are looking for a bank committed to serving your needs, please contact us. We know you'll be glad you did. If you are already a member of the Milton Savings Bank "family," Thank You! We sincerely appreciate your trust and faith in us. We will strive to continue to earn your business.
Enjoy your time exploring our website. We welcome any comments you may have and will make every effort to provide the best service we can. Our sound financial history and trustworthy reputation has spanned over 85 years and will continue well into the future for you.
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URGENT NEWS
Individuals and companies have reported receiving an e-mail that appears to be from the National Automated Clearing House Association (NACHA). The subject line of the e-mail states "Unauthorized ACH Transaction". The e-mail includes a link that redirects the individual to a fake Web page and contains a line that is very likely an executable virus with malware. DO NOT CLICK ON THE LINK . Both the e-mail and the related website are fraudulent.
Additional information on this phishing alert can be found at NACHA's website: http://www.nacha.org/news/newsDetail.cfm/RecentBusinessNewsID/178.
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