anchor account

A combined investment and checking account that offers unlimited check writing and many extra services. You can choose from among seven investment options for your Anchor account.

• The FDIC-Insured Rate Option is a checking account offering money market yields. This is the only Anchor account option that is insured by the FDIC.
• With other Anchor account options, the first $20,000 is insured by the FDIC. The remaining balance of more than $20,000 are swept into your selected Northern Funds money market. 
  
  An investment in Northern Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Although the money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds.
  
  Shares of Northern Funds are distributed by Northern Funds Distributors, LLC, an independent third party.