Certificates of Deposit (CD)
A CD is an account offered to depositors who agree to keep their money in the account for a specified amount of time in exchange for a specified interest rate.
Certificates of Deposit Account Registry Service (CDARS®)
CDARS® is a nationwide network of financial institutions. As a member of CDARS®, Independence Bank can help you manage deposits over $250,000. Your large deposit is broken into smaller amounts and placed with other banks that are CDARS® members. Those member banks issue CDs in amounts under $250,000, so that your entire investment is eligible for FDIC insurance. It's the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000.