Team Capital Bank offers a way for our customers to receive FDIC insurance on larger deposits though the CDARS service.
You enter into a Deposit Placement Agreement with us. Based upon our current CD options you decide on a rate and a maturity that best matches your goals. We submit your funds for placement at other banks. The other banks issue certificates in denominations within the FDIC insurance coverage limits.
You will receive one statement listing all your CDs and the information related to each one - issuing bank, maturity date, interest earned and other details.
To find out more about our CDARS program: Contact one of our knowledgeable Personal Banking Officers.