How Can CDARS Help You?
For many businesses, CDARS can be a valuable cash management or longer-term investment tool. By providing access to up to $25 million in FDIC insurance through a single bank, CDARS can help simplify your job and improve your business' financial performance.
With CDARS your business will get:
- CD-Level Rates. Your money earns CD-level returns. Rates may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market mutual funds.
- Safety. Receive up to $25 million in FDIC insurance coverage.
- Convenience. You work with one bank, earn one interest rate, and receive one regular statement. With CDARS, you no longer have to run around opening multiple accounts at multiple banks, manage several interest rates, tracking interest disbursements, from various sources, and manually consolidating multiple statements on an ongoing basis. Additionally, because your funds can receive full FDIC coverage, CDARS may eliminate the need to monitor and routinely "mark-to-market" changing collateral values.
- Community Investment. The full value of your money can support lending opportunities that build a stronger local community.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.