Looking for a way to keep large deposits safe?  Ask us about CDARS®.  It’s a great solution for: businesses * nonprofit organizations * public funds managers * trustees * financial advisors * individuals * credit unions * IRAs

With CDARS, you can receive up to $30 million in FDIC protection through Neighborhood National Bank.  There are few guarantees in life – FDIC insurance is one of them.  CDARS can be a valuable cash management or longer-term investment tool for you or your business. 

Why CDARS?
It’s one-stop shopping.  With help from CDARS, you can access:

• Safety – Your money can receive up to $30 million in FDIC insurance coverage. 

• Convenience – You work directly with Neighborhood National Bank.  You earn one interest rate and receive one regular statement.  Individual investors receive one year-end tax form.
  
  
• Community Investment – The full value of your money can support lending opportunities in your local community.

• CD-Level Rates – Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

By using the CDARS solution, you have the convenience of dealing only with Neighborhood National Bank.  In addition, routing your deposits through CDARS will make more funds available in our community.  Your deposits increase Neighborhood National Bank’s ability to lend in San Diego County.  This allows us to fuel our local economic engine.  By depositing through CDARS, more money will be put to work right here in our own neighborhood.

How does CDARS work?
We are members of a network that allows us to place customer deposits with other FDIC-insured banks, allowing customers to manage all their funds through one portfolio at Neighborhood National Bank. 

What else should I know?
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements.  This reduces your administrative burden, especially during tax and financial reporting seasons. 

With CDARS, you can eliminate the need to monitor changing collateral values – another time-saving convenience. 

Of course, your confidential account information remains protected. 

Neighborhood National Bank is the proud recipient of the 2005 Network Leader Award for being in the top 5% of CDARS production in our area. 

Ask us about how CDARS can work for you the next time you visit one of our branches, or contact us for more information.

• Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Neighborhood National Bank.  The agreement contains important information and conditions regarding the placement of funds by us.  Please read the agreement carefully before signing it.
  
  
• With customer consent, we may choose to receive fee income instead of matching deposits from other banks.