FDIC FAQs-Are all IDIs required to make interest-bearing DDAs available to depositors?

Compliance > Deposit Operations > FDIC FAQs on Insurance and Payment of Interest on Demand Deposit Accounts

Q:  Are all IDIs required to make interest-bearing DDAs available to depositors?


A:  No. IDIs are not required by any statute or regulation to provide interest-bearing DDAs to

depositors.

 

This can be found in - FAQ#19 of FDIC’s FAQs.  FDIC’s FAQs can be found at: http://www.fdic.gov/deposit/deposits/unlimited/faq.pdf

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