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Using the Certificate of Deposit Account Registry Service® (CDARS®), we can allow investors to deposit funds over $100,000 and still be eligible for the security of FDIC insurance on every dollar. Your money is placed into CDs with denominations under $100,000, which are issued by other banks. You can identify banks where you do not wish your funds to be placed, and you can review a list of banks where CDARS proposes to place your deposits. This allows you to fully insure your entire deposit, up to $30 million.
- CD-level Rates. Your deposits earn CD-level returns, which may compare favorably to those associated with other investment alternatives.
- Safety. Your deposits are eligible for up to $30 million in FDIC insurance coverage.
- Convenience. By working with our bank, you earn one interest rate and receive one regular statement. You never have to track interest disbursements from various sources or manually consolidate account statements.
- Privacy. Your CDs with other banks are identified only by a tracking number and your personal information is protected.
- Community Investment. Your deposits can support lending opportunities that foster a stronger community.
Whether you are a private investor, corporation, small business, non-profit organization or a public sector group, you can take advantage of this unique service. For more information, contact an office nearest you.
CDARS and the Certified Deposit Account Registry Service are service marks of Promontory Interfinancial Network, LLC.
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