Pacific Enterprise Bank
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CDARS is a service Pacific Enterprise Bank uses to provide customers with multi-million dollar FDIC insurance coverage - and it happens to be the easiest, most convenient way to protect large deposits.

Everything is handled through our bank.  Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network.  Then those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection.  By working directly with just one bank -Pacific Enterprise Bank- you can receive insurance through many.

With CDARS, Pacific Enterprise Bank can now offer its business customers:

  • CD-level Rates: Rates that may compare favorably with other investment alternatives, including U.S. Treasuries and money market funds.
  • Peace of Mind: Access to multi-million-dollar FDIC insurance on CD investments.
  • Time-saving Conveniences: The ease of working through a single bank relationship and not having to track collateral on an ongoing basis or directly manage a slew of banking relationships (and, thus not having to manually consolidate interest disbursements or account statements on a recurring basis).
  • Pacific Enterprise Bank sets the interest rate and retains full control over the customer relationship (i.e., depositors speak only to our service representatives). Also, our customer's personal information remains private.

For more information about CDARS: Click here

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.  CDARDS is a registered service mark of Promotory Interfinancial Network, LLC.

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