Full FDIC Insurance Up To $50 Million
One Bank - You work with us - the bank you know and trust - to secure large deposits (from $10,000 to $50,000,000).
One Rate - You earn a competitive interest rate on your CD investments through this program. There is no need to negotiate multiple rates or manually tally disbursements for each CD.
One Statement - You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.
No Fees - There are no hidden fees of any kind. We do not charge annual fees, subscriptions fees, or transaction fees for using this service; the rate you see is the rate you get.
No Collateralization - Because deposits are eligible for full FDIC protection, you may not need to collateralize your deposits, thus eliminating the time-consuming task of tracking collateral values.
A Wide Variety of Maturities - You can select from various maturities - ranging from 4 weeks to 5 years - and choose the terms that best suit your investment needs. You also can ladder your CDs or combine maturities to effectively create a customized term.
Community Investment - Your funds can support lending initiatives, including special development projects that strengthen the local community. 1
To learn more, contact your account manager or customer service representative. Sign up today and enjoy the peace of mind associated with up to $50 million in FDIC insurance coverage, along with the time-saving conveniences and other advantages of the CDARS service.
- Because funds are exchanged on a dollar-for-dollar basis with other banks in the network, we can use the full amount of deposits placed through CDARS® for local lending, which may satisfy some depositors' local investment goals/mandates. Alternatively, with a depositor's consent, we may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
