Why CDARS?
It’s one-stop shopping. With help from CDARS, you can access:
- Safety – Your
money is FDIC insured up to $50 million dollars
for individual savers, businesses, non-profit
organizations and public funds.
- Convenience – You work
directly with us. You earn one interest rate,
receive regular statements and get a year-end
tax form.
- CD-Level Rates – Your
money earns CD-level returns which may compare
favorably with other investment alternatives
including Treasuries, corporate sweep accounts
and money market funds.
How does CDARS work?
We are a member
of a special network of banks. When you place
a large amount with us, we place your funds into
CDs issued by other banks in the same network – in increments
of less than $100,000 – so that both principal
and interest are eligible for complete FDIC protection.
As a result, you can receive coverage from many
banks while working with just ONE.
What else should I know?
Now you no
longer have to spend time managing multiple bank
relationships, organizing interest disbursements
from many sources or manually consolidating various
statements. Reduce your administrative burden
with the time saving CDARS program at Heartland.
Your confidential account information remains
protected.
Funds may be submitted after you complete
a CDARS Deposit Placement Agreement with Heartland
Bank.
To learn more contact your Branch Manager,
Account Officer or call 314-5888 or 866-512-8501
or email us at
info@heartland-bank.com.
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