From the novice user to the seasoned veteran, you can find easy how-to steps in the User's Guide. This PDF requires Adobe Acrobat.
From CDs to Savings Accounts, find out what today’s rates are!
Whether you are looking for a new home or car or planning a home improvement project, we can help make your dreams come true.
Alternative products are not insured by the FDIC or any other Federal government agency, and are not a deposit of, obligation of, or guaranteed by Community Bank CBD or Community Bank Investment Center. Investments are subject to investment risk, including possible loss of principle amount invested.
CDARs
Why CDARS?
With CDARS, you can receive up to $50 million in FDIC protection through Community Bank CBD. There are few guarantees in life - FDIC insurance is one of them. With CDARS you will also benefit from:
How does CDARS work?
Community Bank CBD is a member of a special network. When you place a large amount with us, we place your funds into certificates of deposit issued by other banks in the network - in increments of less than $100,000 - so that both your principal and interest are eligible for complete FDIC protection. With help from a sophisticated matching system, we exchange deposits with other banks that are members of the network.
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.
Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement by Community Bank CBD. The agreement contains important information and conditions regarding the placement of funds by us. Please read the agreement carefully before signing it. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
Account pricing/activity limits may vary in certain locations. Please call your nearest branch for details.
Current interest rates are available in the bank lobby and are subject to change without notice. They are solely determined by the bank.
If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether the placement of your funds through CDARS satisfies those restrictions.
With CDARS, you can receive up to $50 million in FDIC protection through Community Bank CBD. There are few guarantees in life - FDIC insurance is one of them. With CDARS you will also benefit from:
- Convenience
When working directly with Community Bank CBD you no longer need to open multiple accounts at multiple banks. Manage various interest rates, organize interest disbursements from various sources, or manually consolidate monthly statements all with one account. You earn one rate and receive a single statement with all your account information – plus, you’ll receive only one year-end tax form!
- Keeping Your Investment Local
Your money will help support the local lending opportunities in your personal and business community.
- Competitive Interest Rates
Invested money earns CD-level returns which compare with other investments such as Treasuries, corporate sweep accounts, or money market mutual funds.
- Confidentiality
Confidential account information remains protected.
How does CDARS work?
Community Bank CBD is a member of a special network. When you place a large amount with us, we place your funds into certificates of deposit issued by other banks in the network - in increments of less than $100,000 - so that both your principal and interest are eligible for complete FDIC protection. With help from a sophisticated matching system, we exchange deposits with other banks that are members of the network.
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.
- Maturities range from 4 weeks to 3 years
- $25,000 minimum initial deposit for 4 week term; $10,000 minimum initial deposit for all other terms
- The rate of interest varies depending on the length of the term
- Interest is compounded at maturity for 4 week and 13 week terms; interest is compounded quarterly for all other terms
- Substantial penalty for early withdrawal
Ask us about how CDARS can work for you the next time you visit one of our branches for more information.
Click here to view the How CDARS Works Video
Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement by Community Bank CBD. The agreement contains important information and conditions regarding the placement of funds by us. Please read the agreement carefully before signing it. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
Account pricing/activity limits may vary in certain locations. Please call your nearest branch for details.
Current interest rates are available in the bank lobby and are subject to change without notice. They are solely determined by the bank.
If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether the placement of your funds through CDARS satisfies those restrictions.
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