
With CDARS, you can access FDIC protection on multi-million dollar CD investments through National Iron Bank. There are few guarantees in life – FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you. 1
Why CDARS?
It’s one-stop shopping. With help from CDARS, you access:
• Safety – Your money can access multi-million dollar FDIC insurance coverage.
• Convenience – You work directly with us. You earn one interest rate and receive one regular statement, and one 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.
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements.
Ask us about how CDARS can work for you the next time you visit one
of our branches, or email for more information.
1. Funds may be submitted for placement only after a
depositor enters into the CDARS Deposit Placement Agreement with
National Iron Bank. The agreement contains important information and
conditions regarding the placement of funds by us.