How CDARS Can Work For You
At Bradford National Bank

Full Insurance.  Using the CDARS service, you can access up to $50 million in FDIC protection on CD investments.1

One Bank.  You work with Bradford National Bank – the bank you know and trust – to secure large deposits (from $10,000 to $50,000,000). 

One Rate.  You earn one interest rate 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.  There are 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 full FDIC protection, you may not need to collateralize your deposits, thus eliminating the time-consuming task of tracking collateral values. 

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 up to $50 million in 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 $100,000 no longer have to go to different banks to be covered by Federal deposit insurance.

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

“This is one-stop shopping,” says Bradford National Bank President Frank Joy. “Bringing CDARS to our bank allows us to satisfy customer demand for safety and convenience.  In effect, a risk free investment, it is a new, smart option to help customers manage their money.”

In 1980, Congress set FDIC coverage limits at $100,000 per account.  Inflation over the past 26 years has eroded more than half the value of that coverage. In late 2008, the FDIC upped the FDIC coverage to $250,000 through 2009.

How does CDARS work?  Through a sophisticated computer network, Bradford National Bank places customer funds among other FDIC-insured 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 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] Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us.

[2] Because 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.

Bradford National Bank is not responsible for content on link that lead you away from our website.