CDARS^® CD                     Click to See CDARS^® Video

Protect your investments with our Certificate of Deposit Account Registry Service^®, or CDARS^®, which provides access to security and peace of mind beyond $100,000. Now you can invest up to $50 million with Level One Bank and be eligible for FDIC insurance on every dollar.

How CDARS^®Works
Level One Bank can offer this protection because they are a member of the CDARS^® network. When you place a large deposit with us, we use CDARS^® to place your funds into certificates of deposit issued by banks in the network. This occurs in increments of less than $100,000 to ensure that both principal and interest are eligible for full FDIC insurance. Other network members do the same thing with their customers' deposits. With the help of a sophisticated matching system, network members exchange funds. This exchange occurs on a dollar-for-dollar basis, so that the equivalent of your original deposit comes back to your institution and effectively stays local. The full amount of your original deposit becomes eligible for complete FDIC protection and you receive just one regular statement detailing all your holdings.

Benefits

• Full Insurance. Using the CDARS^® service, you can access up to $50 million in FDIC protection on CD investments.
• One Bank. You work directly with Level One Bank - one you know and trust - to secure your large deposits.
• One Rate. You earn one interest rate on CD investments placed through CDARS^®. With CDARS^®, there is no need to negotiate multiple rates or manually tally disbursements for each CD.
• One Statement. You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.
• No Hidden Fees. There are no hidden fees of any kind. You will not be charged annual fees, subscription fees or transaction fees for using the CDARS^® service. The rate you see is the rate you get.
• A Wide Variety of Maturities. We offer 1, 3, 6, 12, 24, 36, and 60 month terms - choose the one that best suits your investment needs.