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Metropolitan Commercial Bank ups FDIC insurance coverage.

BANKING AND CREDIT NEWS-July 29, 2014--Metropolitan Commercial Bank ups FDIC insurance coverage

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29 July 2014 -- New York-based Metropolitan Commercial Bank said that it has begun offering expanded FDIC insurance through the bank's recently launched Ultra Insured Money Market Account.

Far surpassing the USD 250,000 FDIC limit per account registration, the Ultra Insured Money Market Account provides up to USD 17.5m in FDIC insurance, and up to USD 35m for joint accounts.

According to the firm, the Ultra Insured Money Market Account helps individuals and joint account holders consolidate multiple banking relationships into one convenient account, enables businesses to earn interest with limited account transactions, and provides an interest-bearing solution for public entities that are mandated to have deposits either FDIC-insured or backed by US Treasury obligations.

Metropolitan Commercial Bank, headquartered in New York City is a community-focused commercial bank offering a broad array of financial products delivered with high-quality, personal customer service.

The bank provides a range of financial products to commercial and consumer clients including deposit, loan and cash management services.

Find out more at www.metropolitanbankny.com.

1 USD = .59 GBP

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Publication:M2 Banking & Credit News (BCN)
Date:Jul 29, 2014
Words:204
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