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.
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The Junior CD is available to children and students (24 years of age or younger). Monies deposited to this CD must be the sole, indisputable property of the child or student.
The Bank wishes to encourage scholastic achievement and at the same time provide incentive and opportunity for students to save toward their education, business’ or professions. Monies deposited to this CD must be the sole, indisputable property of the student. The Grade Point CD is available to any full time student under the age 24 who receives a letter grade.
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