Limits were Made to Be Broken
Go beyond the $250,000 FDIC coverage limit with the Certificate Deposit Account Registry Service (CDARS).
For many businesses, municipalities and nonprofits, CDARS can be a valuable cash management or longer-term investment tool. By providing access to up to $25 million in FDIC insurance through a single bank, CDARS can help simplify your job and improve your business’s financial performance.
CDARS offers a variety of investment terms, ranging from 6 months to 5 years. The CDARS investments earn interest at a rate set by Community State Bank.
Benefits of CDARS
- CD-level rates — Your money earns CD-level returns. Rates may compare favorably with other investment alternatives, including treasuries, corporate sweep accounts and money market mutual funds.
- Safety — Receive up to $25 million in FDIC insurance coverage.
- Convenience — You work with one bank and receive one regular statement; review your investment account balances, interest rates and maturity dates on one monthly statement.
- Community-minded — The full value of your money can support lending opportunities that build a stronger local community.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.