At County National Bank, we know that FDIC insurance is important to you. With CDARS®, you can access FDIC protection on multi-million dollar CD investments through CNB.
How does CDARS® work?
We are a member of a special network - the Certificate of Deposit Account Registry Service or CDARS®. When you choose the CDARS® option and place a large deposit with us, we put your funds into certificates of deposit issued by other banks in the 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.
What else should I know?
With CDARS®, you can say "goodbye" to running around town to open accounts at multiple banks in different insurable capacities. There also is no need to manually consolidate account statements or interest disbursements, which frees up your valuable time. You can enjoy the peace of mind associated with access to full FDIC insurance on your CDs. You've worked hard for your money. Now, let it work hard for you.
As always, your confidential information remains protected.
With CDARS®, you get:
- Access multi-million dollar FDIC insurance coverage by working with just us - the bank you know and trust.
- Negotiate one rate with our bank for each CD maturity and enjoy the option of reinvesting funds through a simple process.
- Receive one easy-to-read statement from our bank summarizing all of your CD holdings.
Please view our CDARS® informational video tutorial (top-right side of this page) in order to get started. To learn more about putting CDARS® to work for you, please call or visit one of our offices. We'll be happy to help.
Funds may be submitted for placement only after a depositor enters into an agreement with us. CDARS® is a registered service mark of Promontory Interfinancial Network, LLC.