The Ohio State Bank | Values You Can Bank On

FDIC Insurance

One of the benefits of banking at The Ohio State Bank is having your money automatically protected with deposit insurance through the FDIC. The agency protects against the loss of insured deposits if an FDIC-insured bank fails. The agency is backed by the full faith and credit of the United States government.

The limit of $100,000 per depositor was temporarily increased to $250,000 per depositor until December 31, 2013. The existing limit on retirement accounts of $250,000 will remain the same.

Coverage may extend past the $250,000 limit depending on the ownership categories of the accounts you hold at The Ohio State Bank. To maximize your coverage and fully understand your limits, use the FDIC calculator.

FDIC Transaction Account Guarantee (TAG) Program

The Ohio State Bank is pleased to announce that we are participating in the FDIC Transaction Account Guarantee Program. We are committed to creating a safe banking environment so you have peace of mind that your money is safe and secure.

Under this program, through December 31, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

The Ohio State Bank offers a variety of interest bearing checking accounts (NOW) which may or may not qualify under the Transaction Account Guarantee Program. NOW Accounts which pay an interest rate less than a fixed .25% are covered under the program. For specific questions on your account coverage, please see a Customer Service Representative.