From the novice user to the seasoned veteran, you can find easy how-to steps in the User's Guide. This PDF requires Adobe Acrobat.
From CDs to Savings Accounts, find out what today’s rates are!
Whether you are looking for a new home or car or planning a home improvement project, we can help make your dreams come true.
Alternative products are not insured by the FDIC or any other Federal government agency, and are not a deposit of, obligation of, or guaranteed by Community Bank CBD or Community Bank Investment Center. Investments are subject to investment risk, including possible loss of principle amount invested.
CDARS®
Why CDARS?
With CDARS®, you can access multi-million-dollar FDIC protection through Community Bank CBD.1 There are few guarantees in life – FDIC insurance is one of them. With CDARS you will also benefit from:
How does CDARS work?
Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then, those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank – our bank – you can receive insurance through many.
1Limits apply. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Community Bank CBD. The agreement contains important information and conditions regarding the placement of funds by us.
2When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors' local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
Account pricing/activity limits may vary in certain locations. Please call your nearest branch for details.
Current interest rates are available in the bank lobby and are subject to change without notice. They are solely determined by the bank.
If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether the placement of your funds through CDARS satisfies those restrictions.
With CDARS®, you can access multi-million-dollar FDIC protection through Community Bank CBD.1 There are few guarantees in life – FDIC insurance is one of them. With CDARS you will also benefit from:
- Convenience
When working directly with Community Bank CBD you no longer need to manage relationships at multiple banks. No need to track various interest rates, organize interest disbursements from various sources, or manually consolidate monthly statements. You earn one rate per maturity and receive a single statement with all your CDARS account information – plus, you'll receive only one year-end tax form!
- Keeping Your Investment Local
Your money can help support local lending opportunities.2
- CD-Level Rates
Invested money earns CD-level returns which may compare favorably with other investments such as Treasuries, corporate sweep accounts, or money market mutual funds.
- Confidentiality
Confidential account information remains protected.
How does CDARS work?
Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then, those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank – our bank – you can receive insurance through many.
- Maturities range from 4 weeks to 3 years
- $25,000 minimum initial deposit for 4 week term; $10,000 minimum initial deposit for all other terms
- The rate of interest varies depending on the length of the term
- Interest is compounded at maturity for 4 week and 13 week terms; interest is compounded quarterly for all other terms
- Substantial penalty for early withdrawal
Ask us about how CDARS can work for you the next time you visit one of our branches for more information.
Click here to view the How CDARS Works Video
1Limits apply. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Community Bank CBD. The agreement contains important information and conditions regarding the placement of funds by us.
2When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors' local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
Account pricing/activity limits may vary in certain locations. Please call your nearest branch for details.
Current interest rates are available in the bank lobby and are subject to change without notice. They are solely determined by the bank.
If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether the placement of your funds through CDARS satisfies those restrictions.
By use of this site and its links, users agree that all information is provided "AS IS" and the inclusion of a link to a site does not, in any way, represent or imply an approval of, or a determination of the quality of that product or service, by Community Bank CBD. The links provided herein are maintained by their respective organizations, and they are solely responsible for their content. Users agree to hold Community Bank CBD harmless for any and all damages arising out of use of this service and its links.
©2012 Community Bank CBD. All Rights Reserved.
