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Multi-Million-Dollar FDIC Insurance on Your Deposits

CDARS and ICS

CDARS

CDARS is a convenient service offered by CalPrivate Bank. When you deposit your money through CDARS with a member institution, your deposit is automatically divided into smaller amounts that are covered by FDIC insurance up to the maximum limit of $250,000. These smaller amounts are then placed into deposit accounts at other network banks, allowing you to benefit from FDIC coverage across multiple institutions while working directly with us. With CDARS, you’ll receive a single statement from our bank that details all of your placements, making it easier to keep track of your finances.

One Bank

By banking directly with us, a trusted financial institution, you can access up to $50 million dollars in FDIC insurance coverage for your CD Deposits. This means that your funds placed into CDs with us are protected up to the maximum limit by the FDIC, giving you peace of mind and security for your savings.

One Rate

With our CD investment, you’ll earn a fixed rate for each maturity term, and you’ll also have the option to reinvest your funds easily through a hassle-free process.

One Statement

We make it simple for you to keep track of your CDARS holdings by providing you with one easy-to-read statement that summarizes all of your investments with us. This statement will give you a clear overview of your portfolio, making it easy to stay informed and manage your finances effectively.

What Else to Know

Gain peace of mind with access to multi-million-dollar FDIC insurance, and say goodbye to the hassle of ongoing collateral tracking and opening accounts at multiple banks or in different insurable capacities. With our service, you’ll no longer need to manually consolidate account statements or interest disbursements, saving you valuable time and reducing administrative burdens during tax and financial-reporting seasons. You can enjoy these benefits while knowing that your confidential information is always protected. Simplify your financial life and skip the extra paperwork with us.

ICS

As a Client of CalPrivate Bank, we offer ICS to help you maximize your FDIC insurance coverage. When you deposit funds with us through ICS, we divide them into smaller amounts that are under the standard FDIC insurance limit of $250,000. These amounts are then placed into deposit accounts at multiple FDIC-insured banks, allowing you to access FDIC coverage from several institutions while working directly with us.

With our ICS service, you’ll receive one statement from our bank and have access to key details about your accounts online, 24/7. Rest assured that your confidential information is always protected.

Simplify your banking experience and benefit from increased FDIC insurance coverage with us.

Peace of Mind

Enjoy peace of mind knowing that your funds are eligible for FDIC insurance protection in amounts up to $150 million, backed by the full faith and credit of the federal government. With our service, your deposit accounts are not subject to floating net asset values, so you can rest assured that market volatility will not negatively affect your principal. Invest confidently with us, knowing that your funds are protected and secure.

Interest

Maximize the potential of your cash balances by putting them to work in money market deposit accounts. Our accounts offer competitive rates and easy access to your funds, allowing you to make the most of your money while keeping it liquid. Our accounts offer competitive rates and easy access to your funds, allowing you to make the most of your money. Start earning more with us today.

Liquidity

With our ICS service, you can enjoy easy access to your funds, which are placed into money market deposit accounts. This means that you can access your money quickly and conveniently whenever you need it, without sacrificing the benefits of increased FDIC insurance coverage. Simplify your banking and get the best of both worlds with us.

Time Savings

Bank with us, a trusted financial institution, and access multi-million-dollar FDIC insurance coverage directly, without the need to track collateral on an ongoing basis or manually consolidate statements and disbursements from multiple banks. By banking with us, you can simplify your financial life and avoid administrative burdens, giving you more time to focus on what matters most. Gain peace of mind and convenience with us.

Community Support

When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use CDARS, our bank can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits.

When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS, our bank can use the full amount of a deposit placed through ICS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits.