How CDARS Can Work For You
At Bradford National Bank

FDIC Insurance.  Using the CDARS service, you can access multi- million-dollar FDIC protection on CD investments.1

One Bank.  You work directly with Bradford National Bank – the bank you know and trust – to make large deposits eligible for FDIC coverage.

One Rate.  You earn one interest rate per maturity on your CD investments through CDARS.  With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD. 

One Statement.  You receive one regular statement detailing your CD investments.  You no longer need to consolidate statements at the end of each month, quarter, or year.

No Fees.  You pay no hidden fees of any kind.  We do not charge annual fees, subscriptions fees, or transaction fees for using the CDARS service; the rate you see is the rate you get.

No Collateralization.  Because CDARS deposits are eligible for multi-millionFDIC protection, eliminate the time-consuming task of tracking collateral values on an ongoing basis. 

A Wide Variety of Maturities.  You can select from various maturities – ranging from 4 weeks to 5 years (260 weeks) – and choose the terms that best suit your investment needs.  You also can ladder your CDs or combine maturities to effectively create a customized term.

Community Investment.  Your funds can support lending initiatives, including special development projects that strengthen the local community.2

To learn more, contact Randy Alderman.  Sign up today and enjoy the peace of mind associated with access to multi-million-dollar FDIC insurance coverage, along with the time-saving conveniences and other advantages of the CDARS service.

Click here to see a video on how CDARS Works

Depositors with more than the standard FDIC insurance maximum of $250,000, no longer have to go to different banks to be covered by Federal deposit insurance.

With the Certificate of Deposit Account Registry Service or CDARS – Bradford National Bank can provide a customer access to multi-million dollar FDIC insurance on CD investments.

How does CDARS work? Everything is handled through out 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 receive insurance through many banks, allowing customers to manage all their funds through one portfolio at Bradford National Bank. Customers benefit from the ease of working with only one institution and receiving only one regular statement.

Bradford National Bank has been serving the area since 1867.  We continually strive to bring our community innovative banking solutions.  For more information, visit www.bradfordbank.com or call 618-664-2200.

[1] Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us.

[2] When funds are exchanged on a dollar-for-dollar basis with other banks in the network, we can use the full amount of deposits placed through CDARS for local lending, which may satisfy some depositors’ local investment goals/mandates.  Alternatively, with a depositor’s consent, we may choose to receive fee income instead of deposits from other banks.  Under these circumstances, deposited funds would not be available for local lending.

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