Information to keep in mind
The quoted Business CD Annual Percentage Yields (APYs) are accurate as of 10/02/2023. APYs assume interest remains on deposit until maturity. These APYs are applicable to all CD principal balances. The required minimum opening deposit is $1,500. Early withdrawal penalties apply. Fees may reduce earnings.
CDARS has an overall funding limit per depositor of $50 million. This overall funding limit includes all deposits placed in the CDARS product through any IntraFi network bank. This means that if you currently have a CDARS CD with another member bank, the amount of FDIC insurance coverage available to you via the network when opening a CDARS CD with us will be reduced by the amount you already have placed through the CDARS CD you have with the other bank.
Deposit placement through CDARS is subject to the terms, conditions, and disclosures in applicable agreements, including our CDARS Deposit Placement Agreement. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, if you have existing deposit balances at other IntraFi network banks, your balances with those banks may exceed the SMDIA as a result of the placement. You may exclude banks from eligibility to receive your funds to avoid this. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Additionally, your balances with us may exceed the SMDIA for a period of time (e.g., before settlement for deposits or after settlement for withdrawals). You are responsible for making any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS satisfies any restrictions on your deposits. IntraFi and CDARS are registered service marks of IntraFi Network LLC.