CDARS®

Maximize Large Deposits with CDARS®—Secure Returns and Extended FDIC Protection

Maximize large deposits with City First Bank’s CDARS® investment option—pair it with your Money Market Account for secure returns and minimal daily liquidity needs.

How It Works

The first $250,000 is placed in your Money Market Account, earning competitive rates and providing optimal liquidity. Funds over this amount can be invested weekly in CDARS CDs of short duration, thus providing a steady cash flow at attractive rates. Alternatively, funds may be invested in CDARS CDs of laddered maturities from four weeks (for more immediate cash flow needs) to five years (for guaranteed return over a long period of time).

Benefits Include

• Access to multi-million dollar FDIC insurance on CD deposits¹
• Access to funds upon maturity of CDs
• Simplified financial tracking and record-keeping with one monthly statement and one 1099 on all of the CDs placed through CDARS
• The satisfaction of knowing that your money is at work in the community, while being eligible for FDIC insurance²
• Higher blended rates on the whole laddered CDARS deposit relationship than would otherwise be available in our Money Market Account

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 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.