 |
 |
|
 |
|||||
 |
 |
 |
||||
|
 CDARS (Certificate of Deposit Account Registry Service) offers the ideal solution for any organization or individual with large CD balances. Now you can enjoy the convenience of working with a single bank and the security of FDIC insurance... even if the balances are way above the traditional $250,000 coverage! If you're a trustee, trust officer, lawyer, accountant, financial advisor/planner, or other fiduciary, or if you hold large personal account balances at multiple banks in order to receive FDIC coverage, CDARS may be just right for you. With a CDARS account from First Colebrook Bank, you can... • Consolidate large-dollar deposits into one regular account statement • Earn CD-level interest rates • Receive full FDIC insurance on the entire balance of your CDs • Eliminate the need to maintain multiple accounts at a number of banks in order to fully protect your funds • Put an end to keeping accounts in different names • Consolidate interest disbursements • Do away with tracking of changing collateral values (for collateralized deposits) • Avoid the hassles associated with directly managing multiple bank relationships • Receive just one 1099 tax statement at year end showing all of your interest earned • Enjoy the time-saving convenience of one agreement, one interest rate, and one regular statement • Have an easy alternative to treasuries, commercial paper, money market funds, and sweep accounts Non-profits and Public Funds will also find additional advantages, such as... • Satisfying requirements for fully insured deposits • Making the full amount of your deposit available for community lending purposes • Avoiding the need to footnote uninsured deposits in financial statements For more details and rates, consult your local customer service representative. |
First Colebrook Bank • Colebrook • Concord • Amherst • Portsmouth • Phone:
888-225-1782
© 2010 First Colebrook Bank. All rights reserved.
Online Security Privacy Policy U.S. Patriot Act