Looking for a way to keep large deposits safe? Ask us about CDARS. It's a great solution for:
- nonprofit organizations
- public funds
With CDARS, you can access FDIC protection on multi-million dollar CD investments through Stifel Bank & Trust. There are
few guarantees in life - FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment
tool for you.1
It's one-stop shopping. With help from CDARS, you can access:
- Safety - Your money can access multi-million dollar FDIC insurance coverage.
- Convenience - You work directly with us. You earn one interest rate and receive one regular statement, and one year-end
- Community Investment - The full value of your money can support lending opportunities in your local community.2
- CD-Level Rates - Your money earns CD-level returns which may compare favorably with other investment alternatives, including
Treasuries, corporate sweep accounts, and money market funds.
How does CDARS work?
We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other
banks in the same network - in increments of less than the standard FDIC insurance maximum - so that both principal and
interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working
with just one.
These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our
bank. As a result, we can make the full amount of your deposit available for community lending purposes.2
What else should I know?
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing
interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative
burden, especially during tax and financial reporting seasons.
And with CDARS, you can eliminate the need to monitor changing collateral values - another time saving convenience.
Of course, your confidential account information remains protected.
Ask us about how CDARS can work for you the next time you visit one of our branches, or email
email@example.com for more information.