Certificate of Deposit Account Registry Service
With CDARS you can access up to $50 million in FDIC insurance with the convenience of working with one financial institution.
How does CDARS work?
We are a member of a special network. 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.
Benefits
- Convenience – You work directly with Valliance Bank.
- Receive one monthly statement detailing your CD investments
- Community Investment – the full value of your money can support lending opportunities in our local community
- Your money can safely receive millions in FDIC Insurance Coverage
You can select from various maturities, ranging from four weeks to five years. Choose terms that best fit your investment needs. You can also ladder your CD maturities to effectively create a customized term.
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