Smart Investing
By
leveraging CDARS®, you can access multi-million-dollar
FDIC insurance on CD investments.
One Bank
Access multi-million-dollar FDIC insurance for funds placed into CDs by working directly
with just
us—a bank you know and trust.
One Rate
Earn one rate for each CD maturity, andenjoy the option of reinvesting funds through a
simple
process. Rates may compare favorably to Treasuries.
One Statement
Receive one easy-to-read statement from us summarizing your holdings in CDARS.
How does CDARS work?
Institutions that offer CDARS are members of the IntraFi network. When a member
institution places
your deposit through CDARS, that deposit is divided into amounts under the standard FDIC insurance
maximum of $250,000. The funds are then placed into deposit accounts at other network banks. As a
result, you can access FDIC coverage from many institutions while working directly with just ours.
Receive one statement from our bank detailing all your CDARS placements.
What else should you know?
With access to multi-million-dollar FDIC insurance, you can eliminate ongoing collateral
tracking and
avoid the hassle of opening accounts at different banks or in different insurable capacities, as
well as the need to manually consolidate account statements and interest disbursements on a
recurring basis. This reduces administrative burdens, especially during tax and financial-reporting
seasons, and frees up valuable time.
So, you can skip extra paperwork while enjoying the peace of
mind associated with access to multi-million-dollar FDIC insurance.
As always, your confidential
information remains protected.