Keeping your money safe is our highest priority. If you have run out of options in titling your various accounts, we have a new program to help you. We are proud to announce CDARS® (CD Account Registry Service®.) It’s a convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000.
Everything is handled through Bath State Bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of a special network. Then, those member banks issue CDs in amounts under $250,000, so that your entire investment is eligible for FDIC insurance. By working with just one bank — Bath State Bank — you can receive insurance from many.
You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned and other details. With CDARS, there’s no need to manually consolidate statements or track changing collateral values. It’s that simple.
If you have run out of options in titling, CDARS may help you. For more information, please call us (765-732-3022) and ask for Michelle or Laura.