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.

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 or go to our Deposit Rate page.

CDARS

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