FDIC Transaction Account Guarantee Program

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The More You Know, The Safer Your Money

 
The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government. FDIC coverage protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
 
All FDIC-insured banks must meet high standards for financial strength and stability. The FDIC, with other federal and state regulatory agencies, regularly reviews the operations of insured banks to ensure these standards are met.
 
The FDIC insures all deposits, including checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs), up to the insurance limit.
 
On July 21, 2010, the deposit insurance coverage for all deposit accounts was permanently raised to $250,000 per depositor, per insured depository institution for each account ownership category. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, was increased permanently to $250,000 per depositor in 2006.
 
NOTICE: By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information visit: http://www.fdic.gov/deposit/deposits/unlimited/expiration.html
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109 Commercial Street NE
Salem Oregon
97301

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1190 Oak Street SE
Salem Oregon
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Our RatesAPY

Money Market*.90%

Savings*.40%

CD** 6 Month1.00%

CD** 1 Year1.26%

View DetailsRates as of 07.21.2018

*The interest rates and annual percentage yields (APY) are accurate today only and are subject to change without notice. If fees are assessed they can reduce earnings on the account. The minimum deposit to open an account is $100.00.

**The interest rates and annual percentage yields (APY) for Time Certificates of Deposit are accurate today only. If fees are assessed they can reduce earnings on the account. The minimum deposit to open an account is $500.00. A penalty may be imposed for early withdrawal.