In some case niche banks plan to partly absorb the insurance fee on guaranteed deposits of more than $1 million.Members Equity Bank said it will be absorbing part of the fee of 150 basis points (given the bank's BBB credit rating) for their thirty or so customers with more than one million dollars on deposit."The bank will reduce the fee to the 70 basis points being charged by the major banks.Laiki Bank said it would absorb 25 basis points of the 100 bps fee (given its single A rating) on a cash management account.The bank will offer term deposits with the guarantee but will "wait and see" on pricing, which would be reflected in the interest rate offered.Laiki does not plan to promote the products but will offer them to customers who seek access to guaranteed deposits.