Phone: (877) 409-2265

CDARS Depository Service

Up to $25 million on deposit

Summary

This allows a business or individual to keep up to $25 million on deposit with Bank2 and be fully FDIC Insured.

The most secure investment you can make. With FDIC insurance on all CDARS deposits up to $25 million in one account, CDARS is the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $100,000.

You will have extra piece of mind knowing that everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of a special network. Then, those member banks issue CDs in amounts smaller than $100,000, so that your entire investment is eligible for FDIC insurance.

You earn one rate on your entire investment
Your receive one statement
You receive one regular account statement listing of all your CDs, along with their issuing banks, maturity dates, interest earned, and other details
No need to manually consolidate statements, track changing collateral values, or use private surety bonds

If you would like additional information about the product listed, please contact a Bank2 by e-mailing a business account representative or by calling toll free at 877-409-2265 ... We're standing by!