All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Premium Market Checking Account

The Premium Market Checking account is an interest-bearing account available to individuals, commercial business accounts, dbas, and nonprofit organizations. This account pays a higher interest rate and requires a minimum balance of $10,000.00 to open.

  • Six (6) withdrawals are allowed per month (only 3 items may be third party checks, debits or ACH. Only 3 in-bank transfers may be made during the statement cycle.)
  • Free VISA CheckCard
  • Free checks
  • Free online banking
  • Free bill pay
  • Free e-statements
  • Free 24-hour telephone assistance
  • No ATM transaction fee at BOC ATMs
  • Direct deposit accepted
  • Automatic transfers
  • Check images
  • $25.00 fee if balance falls under required dollar amount

Tier Step Up Interest is based on the following:

  • $0 - $9,999.99
  • $10,000.00 - $49,999.99
  • $50,000 +