Official Nebraska Government Web Site

Time Deposit Open Account Program (TDOA)

From the funds available for investment in the Operating Investment Pool, the Council is required, pursuant to the Nebraska Capital Expansion Act, to offer each qualifying bank and capital stock financial institution in the State a time deposit open account (TDOA). Each institution is allowed up to a $1,000,000 deposit as long as they satisfy the requirements of the program. The first $250,000 of the deposit is insured either by the FDIC or the FSLIC. The statute requires the pledging of collateral for deposits greater than the FDIC insurance coverage.

Dates Available for Deposit or Withdrawal

March 31, 2014 April 30, 2014
June 2, 2014 June 30, 2014
July 31, 2014 September 2, 2014
September 30, 2014 October 31, 2014

The deposit date shall be the last day of a month. If the last day of the month is not a working day, the deposit date shall be the next working day.

Monthly Interest Rate

January 2013 February 2013
March 2013 April 2013
May 2013 June 2013
July 2013 August 2013
September 2013 October 2013
November 2013 December 2013
January 2014 February 2014
March 2014 April 2014

Other Information and Forms

Request a Public Funds Deposit

A request for deposit must be received no later than 10 business days from the TDOA deposit date requested.

Pledging Information

Interest Payment Information

Request to change current deposit or correspondent bank

Changes to an existing deposit must be received no later than 10 business days from the TDOA deposit/withdrawal date.

Request to withdraw from program – 30 days notice required

If you have further questions on the Time Deposit Open Account Program, please feel free to call:

JoLynn Winkler
Nebraska Investment Council