Government Banking Checking



Public Fund NOW Account  
  
A low interest bearing account that has full FDIC Insuarance 1 on all funds held in an unlimited transactional checking account.

Benefits
·         All funds held in Public Fund NOW Account are insured in full by 
     the FDIC 1
·         Account provides unlimited monthly transactions, including check writing
·         Interest is earned on 100% of daily account balance
·         Account can be utilized as a deposit concentration account by
     linking to Zero Balance Accounts
·         No regular transaction fees are assessed
·         Detailed monthly statements are provided 

Our Government Banking Officers will work closely with you and our product teams to provide customized financial solutions and personal attention in addressing your needs.  Please contact Don Jensen at (800) 462-2786.



1 First Michigan Bank is participating in the Transaction Account Guarantee Program the FDIC approved November 21, 2008. Under the program, all non-interest bearing transaction accounts and low-interest NOW accounts (defined as NOW accounts with interest rates no higher than .25 percent) are fully guaranteed by the FDIC for the entire amount in the account through December 31, 2010. 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
On July 21, 2010, FDIC deposit insurance was permanently increased from $100,000 to $250,000 per depositor for each account ownership category.



First Michigan Bank is participating in the FDIC Transaction Account Guarantee Program