There are few guarantees in life-FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you.1
The Benefits Of CDARS:
Safety – Your money can access multi-million dollar FDIC insurance coverage.
Convenience – You work directly with us. You earn one interest rate and receive one regular statement, and one year-end tax form.
Community Investment – The full value of your money can support lending opportunities in your local community.2
CD-Level Rates – Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.
How Does CDARS Work?
We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network-in increments of less than the standard FDIC insurance maximum-so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.
If you are interested in this item and have some questions, feel free send an inquiry.
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