How CDARS^® Can Work for You

Protect Your Money.

Access Multi-Million-Dollar FDIC Insurance. Using the CDARS service, you can access multi-million-dollar FDIC protection on CD investments.¹

One Bank. You work directly with us - the bank you know and trust - to secure your large deposits.

One Rate. You earn one interest rate per maturity on your CD investments through CDARS. With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD.

One Statement. You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.

No Fees. There are no hidden fees of any kind. We do not charge annual fees, subscriptions fees, or transaction fees for using the CDARS service; the rate you see is the rate you get.

No Collateralization. Because CDARS deposits are eligible for FDIC protection, you may not need to collateralize your deposits placed through CDARS, thus eliminating the time-consuming task of tracking collateral values on an ongoing basis.

A Wide Variety of Maturities. You can select from various maturities - ranging from 4 weeks to 5 years (260 weeks) - and choose the terms that best suit your investment needs. You also can ladder your CDs or combine maturities to effectively create a customized term.

Community Investment. Your funds can support lending initiatives, including special development projects that strengthen the local community.²

To learn more, contact your account manager or call 718.230.2900 and speak to a customer service representative. Sign up today and enjoy the peace of mind associated with multi-million-dollar FDIC insurance coverage eligibility, along with the time-saving conveniences and other advantages of the CDARS service.

[1] Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us.

[2] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of deposits placed through CDARS for local lending, which may satisfy some depositors' local investment goals or mandates. Alternatively, with a depositor's consent, we may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.