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CDARS
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Desert Community Bank is a member of the Certificate of Deposit Account Registry Service (CDARS), which provides depositors with access to multi-million-dollar FDIC insurance on CD investments. Customers with large deposit balances, which would normally exceed the limits of standard FDIC coverage, are perfect candidates for the CDARS program. With CDARS, you can manage one banking relationship, earn one rate on their investment, and receive one regular account statement. |
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Through the services of CDARS, Desert Community Bank offers you a safe, convenient way to put your cash to work by having all of your CDs in one financial institution. With CDARS, banks can offer you multi-million-dollar Federal deposit insurance coverage. Built and rigorously tested by seasoned banking professionals and experienced technology architects, CDARS is a proven system that serves the needs of companies, public funds organizations, individuals and non-profits across the United States.
With CDARS, you can say “goodbye” to running around town to multiple banks. No more opening up multiple title accounts in different rights and capacities of family members to maximize FDIC insurance at one bank. 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. |
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Its one-stop shopping. With help from CDARS, you can access:
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Safety of FDIC insurance for large deposits |
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Funds are placed in FDIC-insured CDs that are issued by network members; your total deposits of over $250,000 can be eligible for multi-million-dollar FDIC coverage. |
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CD interest rates may compare favorably with those of other high-quality, fixed-income investments. |
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Management Convenience - You can manage all of your CD investments through a single relationship. |
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Security of working with a trusted, local source - Your transaction is managed by the people you know and trust at Desert Community Bank. |
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A Consolidated Statement - offering convenience to our customers and saving them time. |
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| Ask Desert Community Bank about how CDARS can work for you. Please visit any of our branches or call our Treasury Management Services at (626) 979-5062. |
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| Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement by Desert Community Bank. The agreement contains important information and conditions regarding the placement of funds by us. Please read the agreement carefully before signing it. CDARS is a registered service mark of Promontory Interfinancial Network, LLC. |
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