With CDARS® you receive FDIC protection on CD investments
over $250,000 through First American Bank.
First American Bank is a member of a special network. When you place a large amount with us, we in turn place your funds1 into CDs issued by other banks in the same network — in increments of less than the standard FDIC insurance maximum. Both principal and interest are guaranteed eligible for complete FDIC protection. You receive coverage from many banks yet have the convenience of working with just one.
No more time and hassle spent managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements — just think of the advantage next tax and financial reporting season!
Ask us about how CDARS® can work for you the next time you visit one of our branches, or email us for more information.
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