CDARS – the Certificate of Deposit Account Registry Service – is the most convenient way to access FDIC insurance on multi-million-dollar CD deposits and to earn CD level rates, which often compare favorable to Treasuries and money market mutual funds. CDARS offers multiple benefits to depositors who want to combine the security of access to FDIC insurance above $250,000 with the convenience of working directly with just one financial institution.
Below are just a few of the benefits on choosing CDARS:
For more information on the CDARS program, please visit www.cdars.com or call your local banker at (713) 497-1515 or (254) 445-2213 to get started today!
ICS – Insured Cash Sweep – is another way to access FDIC insurance eligibility well beyond $250,000. ICS is an excellent cash management option where your funds are placed into demand deposit accounts, money market deposit accounts, or both while offering operational efficiencies. You work directly with your banker at Bank of Houston, N.A. while maintaining daily liquidity (limited to six withdrawals per month for funds placed into money market deposit accounts).
For more information on ICS, please visit www.insuredcashsweep.com or call your local banker at (713) 497-1515 or (254) 445-2213 to get started today!