FDIC Insurance

Your accounts at Bank of the Ozarks are insured to the maximum amounts allowed by the Federal Deposit Insurance Corporation (FDIC). In addition, Bank of the Ozarks remains a strong and well-capitalized bank. We have always been focused and remain focused on strong fundamentals of banking, great customer service, prudent lending practices and sound management. 

Non-Interest-Bearing Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).  Beginning January 1, 2013, all of a depositor’s  accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

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").

Interest-Bearing Accounts

All interest-bearing accounts are FDIC insured up to $250,000 per depositer.

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.

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.

How Much Insurance Coverage Does the FDIC Provide?

The basic insurance amount is $250,000 per depositor, per insured bank.

IRAs and certain retirement accounts are also insured up to $250,000 per depositer, per insured bank.

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.

To calculate how your accounts are covered by FDIC insurance, visit www.myfdicinsurance.gov and use EDIE the Estimator to create an easy-to-read report.

What are my insurance options if my deposits exceed $250,000?

Bank of the Ozarks offers the CDARS service, which is a great way to access multi-million-dollar FDIC insurance on CD deposits*. Contact a bank representative for more information.

For additional information, please also view our FDIC Frequently Asked Questions. For more information on FDIC insurance, click here or visit with your local Bank of the Ozarks banker.

*Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

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