Certificates of Deposit
Account | Certificate of Deposit | Easy Access CD | IntraFi® Network DepositsSM CD Offering (Formerly CDARS®) | IntraFi® Network DepositsSM DDA-MMDA Offering (Formerly ICS®) |
Description |
A great alternative to a traditional savings account. It's ideal if you want a higher rate with a guaranteed return and don't need regular access to your money. |
Provides easy access to your money with a short 6 month term. Plus the flexibility to make additional deposits and one withdrawal. |
Keep your large deposits safe with access to FDIC protection on multi-million dollar CD investments. Your deposit is placed into certificates of deposit issued by IntraFi's network of banks.
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As an alternative cash management option, with IntraFi Network Deposits, you can also access million in FDIC insurance on funds placed into demand deposit accounts and money market deposit accounts. You still work with just our bank. This option provides flexibility and allows your funds to earn interest with no minimum balance requirements.
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Minimum Balance to Open |
$500 |
$500 |
$10,000 |
Any Amount |
Features |
- Lock in your interest rate for one month up to five years
- FDIC Insured
- Free 24-Hour Easy Phone Banking service
- You may not make additional deposits into this account
- Penalty for early withdrawal of funds prior to the maturity date
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- Choose from a variety of terms to fit your needs
- Access multi-million dollar FDIC insurance coverage
- Work directly with us and earn one interest rate per maturity and receive one regular statement, and one year-end tax form
- Earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds
- The full value of your money can support lending opportunities in your local community¹
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- Funds are eligible for multi-million-dollar FDIC Insurance.
- Earn interest on funds placed into demand deposit accounts using the demand option or money market deposit accounts using the savings option
- Access funds through unlimited program withdrawals (using the demand option) or up to six program withdrawals per month (using the savings option)
- The full value of your money can support lending opportunities in your local community¹
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¹When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the IntraFi Network, we can use the full amount of a deposit placed through IntraFi Network Deposits for local lending, satisfying some depositor's local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.
Placement of your funds through the IntraFi Network Deposits is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement ("DPA"). Limits apply and customer eligibility criteria may apply. Program withdrawals are limited to six per month when using the funds placed in MMDAs. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA"), a depositor's balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use on IntraFi Network Deposits satisfies those restrictions.
Network Deposits is a service mark, and IntraFi, CDARS, and ICS registered service marks, of IntraFi Network LLC.
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