Reciprocal deposits – a win-win for banks and the communities they serve

Looking to build more customer relationships in the face of growing deposit competition? Turn to the nation’s leading reciprocal deposits provider and take a look at CDARS®.

With CDARS, your bank can offer access to FDIC insurance beyond $250,000 for funds placed in CDs.

Growth

  • Offer a differentiated service — access to higher levels of FDIC insurance than any bank can offer on its own.
  • Add relationship-based funding that increases franchise value and attract deposits in larger increments.
  • Benefit from stable funding that tends to come from loyal customers and creates additional cross-selling opportunities.
  • More deposits means more funding available for local lending.

Efficiency

  • Attract reciprocal funding at retail rates and replace more expensive funding, like routinely collateralized deposits and those from listing services.
  • Spread customer acquisition and retention costs over larger average per-customer holdings.

Flexibility

  • Keep underlying funds on balance sheet or sell the excess for fee income (either way, the customer relationship remains with your bank).
  • Set the rates offered to CDARS customers.

Trust

Know that CDARS is a trusted, tested service:

  • Utilized by thousands of banks across the nation.
  • Brought to you by the inventor of reciprocal deposits, Promontory Interfinancial Network, which does not compete with banks for depositors.

Chuck McBrayer, regional director
[email protected]
703-292-3432

Chris Ely, regional director
[email protected]
703-292-5907

Biz2X ad