On June 22, the FDIC adopted a final rule extending the Transaction Account Guarantee program for six months, from July 1, 2010 through December 31, 2010. The rule requires that interest rates on qualifying NOW accounts offered by participating banks be reduced to 0.25 percent from 0.5 percent, and provides for an additional extension of the program, without further rulemaking, for a period of time not to exceed December 31, 2011. FDIC Release.