A Partner You Can Trust

Very recently we have witnessed unprecedented transformations in the financial landscape, and you may have more questions now than ever before. While economic cycles are inevitable, OceanFirst Bank remains a strong, stable financial institution poised to help you manage your family's finances. As a member of FDIC, we can assure you that your money is safe at OceanFirst Bank and all qualifying deposits are covered by FDIC insurance.

It is important that you understand the new legislation passed by Congress temporarily increases FDIC coverage from $100,000 to $250,000 per depositor through December 31, 2013 - more than double the former account coverage limit. The chart below provides an example of how an OceanFirst Bank depositor could be covered up to $2,000,000.

Deposit types include OceanFirst Checking Accounts, OceanFirst Savings Accounts,
OceanFirst CDs and OceanFirst IRA CD Accounts and Revocable Trust Accounts.

FDIC Transaction Account Guarantee Program

OceanFirst Bank is participating in the FDIC's Transaction Account Guarantee Program. Under this program, through June 30, 2010, all noninterest-bearing transaction accounts (checking accounts) are fully guaranteed by the FDIC for the entire amount in the account. Additionally, interest-bearing checking accounts (also known as Negotiable Order of Withdrawal accounts or NOW accounts) that OceanFirst Bank has committed to maintain an interest rate at or below 0.50% through June 30, 2010, are also fully guaranteed by the FDIC.

Funds swept or automatically transferred to an account that is not guaranteed under the Transaction Account Guarantee Program will void the FDIC's guarantee with respect to the swept or transferred funds.

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.

For more information from the FDIC, you can visit the FDIC website to find publications as well as the Electronic Deposit Insurance Estimator (EDIE), an interactive tool allowing you to get a summary of your FDIC coverage.