Certificates of Deposit (CDs)
Bank of Commerce offers a variety of terms and types of Certificates of Deposit (CDs). Select the maturity that best matches your needs. BOC CDs are FDIC-insured up to the maximum amount allowed by law and automatically renewable, making reinvestment quick and easy.
Contact the new accounts department at one of our 4 convenient locations for current interest rates.
Bank of Commerce is also excited to be the only bank in this area which offers CDARS. CDARS is the Certificate of Deposit Account Registry Service. It's the most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000.
Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of a special network. Then, those member banks issue CDs in amounts under $250,000, so that your entire investment is eligible for FDIC insurance. By working with just one bank - our bank - you can receive insurance from many.
You earn one rate on your entire investment - so you can forget about multiple rate negotiations and the need to consolidate multiple disbursement checks.
You will receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned and other details. With CDARS, there's no need to manually consolidate statements, track changing collateral values or use private surety bonds.
It's that simple! In short, any organization or individual who wants to combine the convenience of working with a single bank with the security of FDIC insurance can benefit from CDARS.
To learn more about this product, please contact our new accounts representatives.
- Yukon Office - (405) 354-3030
- I-40 and Mustang Road Office - (405) 324-9615
- Mustang 152 Office - (405) 256-5110
- El Reno Office - (405) 262-8272