CDARS at Citizens Trust Bank
CDARS® is one of the safest and smartest investment vehicles for investors looking to protect their
large-dollar investments while earning CD-level returns that may compare favorably to Treasury and money-market-fund yields.
CDs placed through CDARS offer investors (individual as well as institutional investors, such as corporations, foundations, and endowments):
- Access to multi-million-dollar FDIC insurance
- The ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements
- The ability to forego ongoing collateral tracking
- The power of daily compounding; and
- A finite maturity date (in contrast to auction-rate or some adjustable-rate securities).
Citizens Trust Bank is an FDIC-insured member of the nationwide network of financial institutions called CDARS. When you deposit a large amount with us, we can place your funds into CDs issued by other banks in the CDARS Network in increments under the standard FDIC insurance maximum. This makes both principal and interest eligible for FDIC coverage.
- Earn CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts and money market funds.
- Individual investors receive a single year-end tax form.
- Eliminate the need to manage multiple bank relationships.
- Work directly with Citizens Trust Bank.
- Earn one interest rate per maturity.
Investing through CDARS can be a strong alternative to Treasuries. Like Treasuries, FDIC insurance is backed by the full faith and credit of the U.S. government.
Learn more Watch our CDARS video or Contact us at 1.888.214.3099
CDARS CDs are considered bank deposits. They are not DTC eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty.
You should compare the current rates and features of CDs (including CDs placed through the CDARS service) to other investment alternatives. Past performance may not be representative of future performance or success.
Weekly and overall limits apply. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS or a particular CDARS transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with Citizens Trust Bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS.
CDARS is a registered service mark of Promontory Inter-financial Network, LLC.