CDARS



 

So how do you get started?  Depositing through CDARS is as easy as 1, 2, 3.

 

 

1.1.  Set up your account by completing a CDARS Deposit Placement Agreement.  By monitoring your existing relationships, you maintain your eligibility for full FDIC coverage on all deposits – far beyond the standard FDIC insurance maximum.

2.

 

2.  Agree to an interest rate with us for the CD maturity selected.  We will ask you how you would like your interest to be paid – monthly, quarterly, semi-annually, annually, or at maturity – as well as whether interest proceeds should be paid directly to you or placed into your account with us. Then make your deposit. 

 

3.  3.We will place your funds through CDARS into multiple CDs under the FDIC maximum at other network institutions to assure that your entire deposit is eligible for full FDIC coverage.  When your CDs are issued, you will receive notification confirming your deposit.