CDARS
FDIC, INSURED DEPOSITS UP TO $50 MILLION
An exciting new investment tool WATCH BRIEF VIDEO
We know FDIC insurance is important to you. That is why Metropolitan National Bank now offers CDARS, the most convenient way to enjoy full FDIC insurance on deposits of up to $50million. CDARS is an exciting new investment tool, and the perfect solution for large depositors. You can deposit up to $50 million directly with Metropolitan National Bank, sign one agreement, earn one interest rate, receive one regular statement – and still be covered by FDIC insurance. CDARS saves you from entering into multiple rate negotiations, tracking maturing CDs from numerous banks, organizing various interest disbursements, and monitoring changing collateral values.
And Metropolitan National Bank’s CDARS deposits earn highly competitive CD-level rates, which may be favorably compared with returns on Treasuries, sweep accounts or money market funds. If you regularly need to make and manage large bank deposits, CDARS may be right for you.
Who can benefit from CDARS?
Any large depositor can benefit from the unique features of CDARS. Organizations or individuals who want to combine the convenience of having just one primary banking relationship, but want or require the security of FDIC insurance.
- Individual savers and investors
- Advisors, trustees, trust officers, lawyers, accountants
- Businesses
- Non-profits and public funds
For additional information please contact your local branch or phone us at 1-212-659-0606.
Current Rates (quoted as APY)
| Up to $1,000,000 | Over $1,000,000 | |
| 4 weeks | 0.75% | please call * |
| 13 weeks | 1.25% | |
| 26 weeks | 1.50% | |
| 52 week | 2.10% | |
| 2 years | 2.50% | |
| 3 years | 3.00% | |
| 5 years | 3.50% |
* Toll Free 1-866-435-9099 or our CDARS Executive 1-212-659-0606
(APY = Annual Percentage Yield)
Or email us for additional information
