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Interest bearing accounts calculate interest by using the collected daily balance method. Interest is paid by compounding to the account on the statement cycle date.
When we place your deposit through CDARS®, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed into deposit accounts at other network banks. As a result, you can access FDIC coverage from many institutions while working directly with just ours. Receive one statement from our bank detailing all your CDARS placements.
Savings and Money Market
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