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Checking AccountsWilliam Penn Bank offers two types of interest bearing personal checking accounts as well as an interest bearing non-personal checking account for businesses. Now Accounts: Super Now Accounts: Non-Personal Checking Accounts: Click here for rate information! William Penn Bank is participating in the FDIC’s Transaction Account Guarantee Program. All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation 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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").
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