For your protection, do not disclose your password or PIN to anyone claiming to represent Mainstreet Bank. Mainstreet Bank employees do not need to know your password or PIN and will not ask you to disclose it. Mainstreet Bank will not contact you by e-mail requesting you to update any confidential information we have on file such as your user ID, password or PIN.
CD Investment Service offers FDIC insurance up to $50 million.
We know FDIC insurance is important to you. That's why Mainstreet Bank offers CDARS(R), the most convenient way to enjoy full FDIC insurance on deposits of up to $50 million.
CDARS is the perfect solution for many types of depositors. You bank directly with us, sign one agreement, earn one interest rate, and receive one regular statement.
This saves you from entering into multiple rate negotiations, tracking maturing CDs from numerous banks, organizing various interest disbursements, and monitoring changing collateral values.
And because CDARS deposits earn competitive CD-level rates, rates can compare favorably with Treasuries, sweep accounts and money market funds.
How does CDARS work? We are a member of a unique network. When you deposit a large amount with us, we place your funds into CDs issued by other Network Members. (This occurs in increments of less than $100,000 so that both principal and interest are eligible for complete FDIC protection.)
We believe our CDARS service is an exciting, investment tool for our customers. Please contact us today to learn more!
Funds may be submitted for placement through CDARS only after a depositor enters into the CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us using CDARS. With customer consent, we may choose to receive fee income instead of matching deposits from other banks. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
Mainstreet Bank is Committed to Customers and Community. Rest Insured. Looking for more information on FDIC Insurance Coverage and how it's calculated? Visit www.fdic.gov or call toll-free at 1-877-ASK-FDIC (1-877-275-3342) from 8 a.m. until 8 p.m. Eastern Time, Monday through Friday.
Or, call your Local Banker at Mainstreet Bank and ask how we can help make your deposits work for you!
Mainstreet Bank Vision: We Build Trusting Relationships by Valuing, Respecting and
Recognizing Customers and Communities.
