CDARS - Certificate of Deposit Account Registry Service
The ultimate in security and convenience for large-deposit investors, OIB can now guarantee full FDIC insurance on deposits larger than the standard $250,000 maximum. This effortless solution replaces a mountain of management and eliminates several middle-men between you and your money.
- Full FDIC insurance on deposits up to $50 million
- All CD investments managed through a single relationship
- Flexible maturity periods available
- Interest paid directly to you or an account you designate
- A single monthly statement with detailed listing
- Annual tax summary is consolidated in one report