Cdars
Looking for safety for your large deposits, plus CD-level rates that may compare favorably to Treasuries? Find out why thousands of safety-conscious institutional investors - businesses, nonprofits, public funds/governments - and others choose CDARS, the easiest way to access multi-million-dollar FDIC insurance.
At Taylor Bank, we make CDARS available to rate conscious individuals. You can enjoy the same benefits investors receive even without a multi-million dollar portfolio. Our accounts require a minimum balance as low as $35,000. Your account will earn competitive rates - higher than bank CDs.
Why CDARS?
CDARS offers multiple benefits to investors who want to combine the security of access to FDIC insurance with the convenience of working directly with just one financial institution.
- Peace of Mind. Using the CDARS service, you can access multi-million-dollar FDIC insurance on CD investments.
- One Relationship. You work directly with our bank.
- One Rate. You negotiate one interest rate per maturity on CD investments placed through CDARS. With CDARS, there is no need to negotiate multiple rates or tally disbursements for each CD.
- One Statement. You receive one regular statement detailing your CD investments. You no longer need to manually consolidate statements are the end of each month, quarter, or year.
- No Hidden Fees. You will not be charged annual fees, subscription fees, or transaction fees for using CDARS. The rate you see is the rate you get.
- No Ongoing Collateralization. Because CDARS deposits are eligible for FDIC protection, you may not need to continually collateralize your deposits. This can eliminate the time-consuming task of tracking changing collateral values on a recurring basis.
- A Wide Variety of Maturities. Select from various maturities—ranging from 4 weeks to 260 weeks (5 years)—and choose the terms that best suit your investment needs.
- Community Investment. The full amount of your funds can support lending initiatives that strengthen your local community.1
- The Certificate of Deposit Account Registry Service® (CDARS) Almost anyone who wants to combine the convenience of working directly with just one financial institution with the security of access to FDIC.
- CDARS®, the Certificate of Deposit Account Registry Service®, is the easiest, most convenient way to access FDIC insurance on large deposits. Everything is handled through Capitol Federal®. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS.
The CDARS service offers short and extended maturity terms, and allows you access to FDIC insurance for large deposits. We offer rates higher than industry standard and terms starting at 13 weeks up to 5. CDARS is a registered service mark of Promontory Interfinancial Network, LLC. Taylor Bank CDARS Information. Minimum opening deposit per account of $35,000; Available in the following terms: 6.
[1] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, our bank can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank 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.
Taylor Bank CDARS Information
- Minimum opening deposit per account of $35,000
- Available in the following terms:
- 6 months*
- 12 months*
- 2 years*
- 3 years*
- 5 years*
Cdars Faq
*Substantial penalty for early withdraw.
Contact us to learn more!
Support your community, and feel good knowing that the full amount of your funds placed through ICS® and/or CDARS® can stay local to support lending opportunities that build a stronger community.1
The Insured Cash Sweep® and Certificate of Deposit Account Registry Service® are smart, secure, and convenient ways to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility. Put excess cash balances to work by placing funds into demand deposit accounts using the ICS® demand option, money market deposit accounts using the ICS® savings option, or interest-bearing certificates of deposit (CDs) using CDARS®. Earn one interest rate for each ICS® option, and one rate for each CD with maturity with CDARS®.
Do more with ICS® and CDARS®
The ICS® demand option offers you the flexibility you need with unlimited program withdrawals. With the ICS® savings option, you can make up to six program withdrawals per month and benefit from a higher interest rate2,3. With CDARS®, select from a range of maturities (4 weeks, 13 weeks, 26 weeks, 52 weeks, 2 years, 3 years, and 5 years.) You can rest assured knowing that your large deposits are eligible for protection that’s backed by the full faith and credit of the government.
Cdars Uk
Enjoy smart, secure and convenient ways to protect large deposits, earn a return and enjoy flexibility with ICS® and CDARS® solutions through MainStreet Bank.
1When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the ICS® or CDARS® Network, the relationship institution can use the full amount of a deposit placed through ICS® or CDARS® for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositors’ consent, and if authorized under state law, a bank may choose to receive fee income instead of deposits from the banks. Under these circumstances, deposited funds would not be available for local lending. Placement of funds through the ICS® or CDARS® service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the ICS® savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS® or CDARS® settlement for a deposit or after ICS® or CDARS® settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS® or CDARS® satisfies those restrictions. ICS®, Insured Cash Sweep®, and CDARS® are registered service marks of Promontory Interfinancial Network, LLC. 2 Review our Personal Annual Percentage Yeilds (APY) for all interest bearing personal accounts. 3 Review our Business Annual Percentage Yeilds (APY) for all interest bearing business accounts.
