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FDIC Insurance

Your accounts at Bank of the Ozarks are insured to the maximum amounts allowed by the Federal Deposit Insurance Corporation (FDIC).

Non-Interest Bearing Accounts

Bank of the Ozarks is participating in the FDIC's Transaction Account Guarantee Program.

All non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account, through December 31, 2010. On January 1, 2011, non-interest bearing transaction accounts will be FDIC insured up to $250,000 through December 31, 2013.

Coverage under the Transaction Account Guarantee Program is in addition to, and separate from, the coverage available under the FDIC's general deposit insurance rules.

Interest Bearing Accounts

All interest bearing accounts are FDIC insured up to $250,000 through December 31, 2013.

What Does FDIC Deposit Insurance Cover?

FDIC insurance covers all types of deposits received at an insured bank, including deposits in checking, NOW and savings accounts, money market deposit accounts, and time deposits such as certificates of deposit (CDs).

FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing.

The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if these investments were bought from an insured bank.

The FDIC does not insure U.S. Treasury bills, bonds, or notes. These are backed by the full faith and credit of the United States government.

How Much Insurance Coverage Does the FDIC Provide?

The basic insurance amount is $250,000 per depositor, per insured bank, through December 31, 2013.

IRAs and certain retirement accounts will continue to be insured up to $250,000 per owner, per insured bank after December 31, 2013.

Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank.

Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more that $250,000 at one insured bank and still be fully insured.

 

For more information on FDIC insurance, click here.