Ask us about CDARS®, an investment option for
public funds managers, non-profits,
financial advisors, individuals and others
to access FDIC protection on multi million
dollar CD investments up to $50 million
One stop shopping at its best. With
help from CDARS, you can access:
- Safety—Your money can access multi million
dollar FDIC insurance coverage.
- Convenience—You work directly with us, earn
one interest rate and receive one statement/year end tax form
- Community Investment- The full value of your
money can support local lending
- CD-level rates—Your money earns CD legal
returns which may compare favorably with
other investment alternatives, including
treasuries, corporate sweep accounts and
money market funds.
- Wide Variety of Maturities—You can select
from various maturities — ranging from 4
weeks to 5 years (260 weeks) — and choose
the terms that best suit your investment
- No Hidden Fees—There are no hidden fees of
any kind. You will not be charged annual
fees, subscription fees or transaction fees
for using the CDARS service.
Unity National Bank can offer CDARS because
we are a member of a special network.
When you place a large deposit with our
bank, we place your funds into certificates
of deposit issued by other banks in the
network in increments of less than $250,000
so that both your principal and interest are
eligible for complete FDIC protection.
As a result, you can receive coverage from
many banks while working with just one bank.
Now, you no longer need to spend time
managing multiple bank relationships,
administering various interest rates,
organizing interest disbursements from
various sources or manually consolidating
monthly statements. This reduces your
administrative burden, especially during tax
and financial reporting seasons.
And with CDARS you can eliminate the need to
monitor changing collateral values, another
time savings convenience.
Of course your confidential account
information remains protected.
 Funds may be submitted for placement
only after a depositor enters into a CDARS
Deposit Placement Agreement with Unity
National Bank. The agreement contains
important information and conditions
regarding the placement of funds.
Please read the agreement carefully before
CDARS is a registered service mark of
Promontory Interfinancial Network, LLC.