The Certificate of Deposit Account Registry Services (CDARS) is another product offered through Bank3’s partnership with Promontory Interfinancial Network that allows you to secure 100% FDIC insurance coverage on CD balances over $250,000 while only dealing with one bank!
Terms and Conditions
*Federal law requires that we convert a savings account to a checking account if you exceed six preauthorized or automatic debits or withdrawals per month. Transfers and withdrawals include preauthorized or automatic transfers, telephone transfers, online banking and mobile banking transfers, and transfers by check, draft, debit card, or other similar transactions from your account.
Certain terms, conditions and fees may apply.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT — To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.