CDs and CDARS
Whether you are looking for a short-term investment or have specific FDIC insurance requirements, GRB can help. Your Personal Banker will help you choose the CD option that’s right for you.
| CD | CD IRA | CDARS® | |
|---|---|---|---|
| Ideal for you if… | you want a low-risk investment with a fixed interest rate | you are looking for a retirement account you don't have to pay taxes on | Access multi-million dollar FDIC insurance |
| Minimum to Open | $500 | $500 | $100,000 |
| Minimum Balance | $500 | $500 | $100,000 |
| Monthly Service Charge | None, unless you redeem CD before maturity | None, unless you take distribution early | $10 |
| Earns Interest | Yes | Yes | Yes |
| FDIC Insurance | Yes* | Yes* | $250,000** |
| Online Banking | Free | Free | No |
| Rates |
Click here | Click here | Click here |
| Extras |
Additional 0.25% APY given during the initial term of a GRB account. |
N/A | N/A |
*Deposits are insured by the FDIC to $250,000 per depositor. To learn more about how deposits are insured by FDIC, go to My FDIC Insurance.
**CDARS (Certificate of Deposit Account Registry Service) allows businesses, nonprofits, and individuals access to multiple millions of FDIC insurance. When a client deposits a large sum of money with GRB, we place funds into CDs at other banks in the CDARS network - increments of less than $250,000 - so that both principal and interest are eligible for complete FDIC protection.
One Bank. One Rate. One Statement. While your CDARS deposits will be placed through many banks, you only have to work directly with one bank, GRB. As always, confidential account information remains protected. You will negotiate one rate with GRB for each CD maturity and enjoy the option of reinvesting funds through a simple process. You will receive one easy-to-read statement from GRB summarizing all of your CD holdings.
Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS is a registered service mark, and One Bank, One Rate, One Statement is a service mark of Promontory Interfinancial Network, LLC.
