CDs & CDARS
Certificates of Deposit (CDs)
CDs are available in amounts of $1000 or more. Ask any Resource Bank employee for our current rates.
|1 week||early withdrawal penalty of 7 days interest|
|3 month||early withdrawal penalty of 30 days interest|
|6 month||early withdrawal penalty of 30 days interest|
|9 month||early withdrawal penalty of 60 days interest|
|1 year*||early withdrawal penalty of 90 days interest|
|18 month*||early withdrawal penalty of 90 days interest|
|24 month*||early withdrawal penalty of 90 days interest|
|3 year*||early withdrawal penalty of 180 days interest|
|4 year (2 step-ups)||early withdrawal penalty of 180 days interest|
*All CD's with a term of 1 year to 3 year maturities are allowed one step-up.
CDARS - Certificate of Deposit Account Registry Service®
With CDARS, you can invest up to $50 million and still be eligible for FDIC insurance on every dollar. Using CDARS, we will place your funds with multiple FDIC-insured institutions. You can enjoy the simplicity of working with just one bank and still have the benefits of full coverage. Visit CDARS FAQ for detailed info.
Terms for CDARS:
|13 weeks||early withdrawal penalty of 90 days simple interest|
|26 weeks||early withdrawal penalty of 90 days simple interest|
|52 weeks||early withdrawal penalty of 180 days simple interest|
|2 year||early withdrawal penalty of 360 days simple interest|
How does CDARS work? Through a sophisticated computer network, Resource Bank places customer deposits with other FDIC-insured banks, allowing customers to manage all their funds through one portfolio at Resource.
We are 1 of 2,150 banks offering this unique product. CDARS allows us to satisfy customer demand for safety and convenience. In effect, a risk free investment, it is a new, smart option to help customers manage their money. Contact your Resource relationship banker or your local branch to learn more.