The product you knew as CDARS® is now called IntraFi® Network DepositsSM.
Only the name has changed; the product has the same great benefits.
Work with One Bank
Combine the convenience of working with one financial institution
with the security of FDIC insurance! Metropolitan Bank CDARS service
allows you to access FDIC protection for your deposits over $250,000,
without having to distribute your funds through multiple institutions in
order to receive coverage. Let us do the work for you!
FDIC Insurance on Larger Balances
Your large deposits will be divided into smaller increments and
placed with other CDARS Network banks. Those FDIC-insured member
banks then issue CDs in amounts under $250,000, and your deposit is
eligible for FDIC insurance at each bank.
Full insurance - Using the CDARS service, access up to $50 million in FDIC protection on CD investments.
One bank - You work solely with Metropolitan Bank.
One rate - You earn one interest rate on CD
investments placed through CDARS. With CDARS, there is no need to
negotiate multiple interest rates.
One statement - You receive one regular statement
detailing your CD investments. No need to consolidate statements at the
end of each month, quarter, or year.
No hidden fees - There are no hidden fees of any
kind. You will not be charged annual fees, subscription fees or
transaction fees for using the CDARS service. The interest rate you see
is the interest rate you get.
A wide variety of maturities - You can select from various maturities ranging from 4 weeks to 5 years.
Connect with a Banker
Speak with a representative at Metropolitan Bank to discuss Certificates of Deposit and the CDARS program.
Limits
apply. Funds may be submitted for placement only after a
depositor enters into a CDARS Deposit Placement Agreement with us.
The agreement contains important information and conditions regarding
the placement of funds by us. CDARS and Certificate of Deposit
Account Registry Service are registered service marks of Promontory
Interfinancial Network, LLC.