CDARS® provides flexible funding and relationship-building options that can help a bank regardless of its liquidity position. With CDARS, banks can
- Offer customers access to multi-million-dollar FDIC insurance (limits apply).
- Attract large deposits – on average, well over a million dollars at a time – without raising rates across the board.
- Building long-term relationships by attracting stable funding – “sticky” deposits that reinvest ~80% of the time – and that lend themselves to significant cross-selling opportunities. (Often, members can double their cross-selling results in as little as six months.)
- Lower collateralization costs by reducing tracking burdens and freeing up assets for more productive uses.
- Earn fee income and help improve ROA and ROE ratios by taking excess deposits off balance sheet and placing those deposits (just the funding, not the relationships) with other Promontory Network members.
- Purchase funds without collateralization or stock purchase requirements.
To Learn More
Email or call Promontory at 866-776-6426 (toll-free).