Cdars Agreement

Use of the CDARS Service is subject to the terms, conditions and disclosures set forth in the CDARS Agreements, including the CDARS-ICS Participating Institution Agreement and the CDARS Deposit Placement Agreement. Enough is enough. CDARS, Certificate of Deposit Account Service, Insured Cash Sweep, IND and Bank Assetpoint are registered service marks of Promontory Interfinancial Network, LLC. You sign an ICS Deposit Investment Agreement (ICS DPA) and a Deposit Agreement. The first steps with the CDARS program are simple. First, visit your local FVCbank subsidiary, where you will be asked to sign a CDARS deposit agreement as well as a deposit agreement. You can then invest funds with a member of the CDARS network. Your money is invested with the program and your CDs are spent by members of the program network. Shortly thereafter, you will receive a confirmation of your CDs from your financial institution.

FVCbank will also provide you with regular consolidated interest payments and bank statements. There are several reasons why companies choose to invest funds in the CDARS program. One of the biggest advantages is the ability to combine the comfort of working with a single bank with the security of access to FDIC insurance for more than 250,000 $US. With the program, investors have access to millions of dollars of FDIC insurance for low-risk DC investments. Each CD investment contains an interest rate per maturity that can be traded at the time of deposit. There are also no hidden fees, including annual fees, transaction fees, or subscription fees. The price you have agreed on is the price you will receive. As a consumer, you do not pay a fee directly to the CDARS service. .