Your FDIC Insurance
Everyone worries about the safety of their money – it’s only natural. First Bethany Bank has long been recognized as one of the safest institutions in the state of Oklahoma. We’re proud of that and we work hard every day to keep it that way.
But we also realize that sometimes you need more information in order to be comfortable with your banking choices. The links below can provide you with helpful information about how the FDIC protects you at First Bethany.
Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
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.