CDARS
CDARS® (Certificate of Deposit Account Registry Service) is a safe and convenient way to enjoy full FDIC insurance on deposits of up to $50 million. It is the perfect solution for your large deposits.
ShoreBank Pacific is part of the Promontory Interfinancial Network, a deposit placement service where your large deposit is spread across participating banks in increments of less than $100,000 ($250,000 with maturities before Dec. 31, 2009). An equal amount is sent back to us from other members of the network, which keeps the entire amount of the deposit at ShoreBank Pacific, while assuring full FDIC coverage.
The advantage of the CDARS program is that you sign one agreement with us, earn one interest rate, and receive one regular statement, and ShoreBank Pacific retains full use of your funds so we can use them for mission-related activities!
Contact us today at 1-877-326-4326 for availability and rates.