Ask us about CDARS® – the perfect solution for:
- Nonprofit organizations
- Credit unions
- Public funds managers
- Financial advisors
CDARS® provides FDIC protection on multi-million dollar CD investments. This is a rock-solid guarantee you can count on. Consider CDARS® as your valuable cash management or longer-term investment tool.*
It's your all-in-one solution:
*We welcome the opportunity to explain the relevant terms and conditions in more detail if this benefit is important to you. Note this benefit applies to some, but not all types of CDARS transactions.
When you deposit a large amount of funds at our bank, we place that money into CDs issued by other banks in our network. The funds are divided in increments of less than $100,000 so both principal and interest qualify for complete FDIC protection. You receive coverage from many banks with the convenience of working with just one.
Imagine the time you'll save, no longer dealing with multiple banks, tracking different interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. Ease your administrative load, especially during tax and financial reporting seasons. Plus, eliminate the need to monitor changing collateral values – another time-saving convenience.
Of course, your confidential account information remains protected.
Ask your Hometown Bank Relationship Manager how CDARS can work for you!
* Depositors may submit funds for placement only after they enter into the CDARS® Deposit Placement Agreement, which contains important information and conditions regarding Hometown Bank's placement of funds.
CDARS® is a registered service mark of Promonontory Interfinancial Network, LLC.