CDARS program delivers up to $50 million in FDIC insurance coverage

I'm interested in opening a CDARS account at EverBank. What's my next step?

For more information call one of our Customer Care Specialists: 888.882.EVER (3837). Or apply online right now.

How a CDARS account secures large deposits with FDIC insurance

The CDARS network provides one of the most convenient and rewarding ways you can get FDIC insurance coverage on deposits up to $50 million.¹ As one of the CDARS banks, EverBank places your money in multiple CDs at banks within the network.

Here's how funds could be distributed through the CDARS network for full FDIC protection

The following illustration shows how $500,000 could be distributed with 2-year CDs in the CDARS network.

I'm interested in opening a CDARS account at EverBank. What's my next step?

For more information call one of our Customer Care Specialists: 888.882.EVER (3837). Or apply online right now.

Weekly placement limits when funding CDARS accounts

Funds placed through the CDARS network for FDIC insurance coverage are subject to weekly and term-based placement limits. Each CDARS account holder is allowed to deposit up to $30 million per week.

Individual depositor weekly CDARS funding limitations per term

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How to get FDIC insurance up to $50 million through the CDARS Network

Given the $30 million weekly funding limitation, funding a $50 million CDARS account could be accomplished over a 2-week period as illustrated below.

Opening and funding a CDARS account through EverBank

I'm interested in opening a CDARS account at EverBank. What's my next step?

For more information call one of our Customer Care Specialists: 888.882.EVER (3837). Or apply online right now.

1. Insured Advantage Certificates of Deposit are offered in conjunction with the Certificates of Deposit Account Registry Service (CDARS) and allow FDIC insurance on certificates of deposit up to $50 million. Subject to availability based on CD term and participation limits. Placement is based on date and time of application approval and funding. Deposits above single institution FDIC insurance limits will not benefit from higher insurance protection until the Insured Advantage account is Placed. Accounts are Placed each week on Thursday or the next business day thereafter. Early withdrawal penalties apply. A minimum deposit of $10,000 is required to open the account. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.
2. The quoted Annual Percentage Yield (APY) is current as of 1/1/2009 12:00:00 AM, may change at any time prior to the opening of the CD, applies only to the corresponding term also quoted with the APY, and assumes interest remains on deposit until maturity. A minimum deposit of $10,000 is required to open the account. Insured Advantage Certificates of Deposit are offered in conjunction with the Certificates of Deposit Account Registry Service (CDARS) and allow FDIC insurance on certificates of deposit up to $50 million. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC. All accounts are subject to approval based in part on CD term and EverBank's CDARS participation limits. Accounts do not fund immediately. Funds received for an Insured Advantage account may be placed into a Yield Pledge Money Market account until your Insured Advantage account is approved and opened ("Placed"). Please refer to the Yield Pledge Money Market section of this rate table for more information on this account. Funding Requirements: The date your funds are received sets the earliest time your Insured Advantage account can be Placed: (1) Wire Transfers must be received by 12 p.m. ET on the Wednesday prior to Placement; (2) Cashier's Checks deposited in person must be received by 12 p.m. ET on the Wednesday prior to Placement; (3) Transfers from an existing EverBank Account must be received and available before 12 p.m. ET on the Wednesday prior to Placement; and (4) Personal Checks must be received by 5 p.m. ET on the Friday prior to Placement. Deposits above single institution FDIC insurance limits will not benefit from higher insurance protection until the Insured Advantage account is Placed. Accounts are Placed each week on Thursdays or the first Business Day thereafter. Early withdrawal penalties apply.