cdars
FDIC Insurance on your deposits
up to $50,000,000 through
(CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICE®)
then...
In 1980, Congress set FDIC coverage limits at $100,000 per account per bank. The only way to obtain FDIC insurance on deposits over this amount was to open multiple accounts with multiple banks. This meant having to manage varying interest rates and consolidating numerous monthly statements in order to fully insure your funds.
now...
Rhinebeck Savings Bank, with this Certificate of Deposit Account Registry Service can provide you with full FDIC insurance coverage on your deposits up to $50,000,000.
one bank
Our Account Managers will work with you to invest your large deposits. Your funds will be broken out into increments of less than $100,000 and placed into Certificates of Deposit issued by Rhinebeck Savings and other banks in the network. Through CDARS, we provide you access to full FDIC insurance coverage up to $50,000,000. Now, you only need to work with one bank, us, Rhinebeck Savings.
one rate
Earn one great rate on your entire investment. Whether you choose to lock in your rate for three months or any other term up to five years, our competitive CD rates give you higher earning potential.
one statement
Receive one easy-to-read monthly statement listing all your CDs, along with their issuing banks, maturity dates and interest earned.
one relationship
Through your relationship with Rhinebeck Savings, you earn income, access expanded FDIC insurance and benefit from the security and peace of mind that comes from growing your relationship with the one bank you have come to know and trust...since 1860.
To learn more about CDARS contact Customer Solutions at (845) 229-8800, option 3.
Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Rhinebeck Savings Bank. The agreement contains important information and conditions regarding the placement of funds. Please read the agreement carefully before signing it. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.
