Our goal at Bank of Florida is to create and deliver products and services that will enhance your business and your personal finances so that you can concentrate more on your priorities and less on your banking. From new technologies to protecting your investments, Bank of Florida serves as your advocate and trusted partner.
CDARs - FDIC Insurance for your Certificates of Deposit for up to $50 million
Full Insurance. Access up to $50 million in FDIC protection on CD investments.1
One Bank. You work with us – the bank you know and trust – to secure large deposits (from $10,000 to $50,000,000).
One Rate. You earn one interest rate on your CD investments through CDARS. With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD.
One Statement. You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.
No Fees. There are no hidden fees of any kind. We do not charge annual fees, subscriptions fees, or transaction fees for using the CDARS service; the rate you see is the rate you earn.
No Collateralization. Because CDARS deposits are eligible for full FDIC protection, you may not need to collateralize your deposits, thus eliminating the time-consuming task of tracking collateral values.
A Wide Variety of Maturities. You can select from various maturities - ranging from 4 weeks to 3 years - and choose the terms that best suit your investment needs. You also can ladder your CDs or combine maturities to effectively create a customized term.
Enjoy the peace of mind associated with up to $50 million in FDIC insurance coverage, along with the time-saving conveniences and other advantages of the CDARS service. Call us today at (866) 226-5352.
1Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.