Funds held in noninterest-bearing transaction accounts are insured in full by the FDIC until December 31, 2013.

Sweep arrangements that result in funds being transferred to an interest-bearing account will void the FDIC's guarantee.

A "transaction account" is an account on which the bank does not reserve the right to require advance notice of an intended withdrawal (for example, a checking account).

Deposit accounts other than noninterest-bearing transaction accounts are not covered by this program, but are insured up to $250,000 until December 31, 2013.