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Why CDARS® ?
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You can receive up to $30 million in FDIC protection. CDARS®
can be a valuable cash-management or longer-term investment tool for you or your
business.1
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Benefits
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- Up to $30 million in FDIC insurance coverage.
- Interest may be transferred to other American Home
Bank accounts.
- The full value of your money can support lending opportunities in your local community2.
- Your money earns CD-level returns.
- One account means one tax statement and one financial institution to contact for
questions.
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Features
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- Terms from 3 months to 5 years
- Open account conveniently via phone by calling
1-888-AHBank9 (1-888-242-2659)
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How does CDARS work?
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We are members of a special network. When you place a large amount with us, we place
your funds into certificates of deposit issued by other banks in the network — in
increments of less than $100,000 — so that both your principal and interest are
eligible for complete FDIC protection. With help from a sophisticated matching system,
we exchange deposits with other banks that are members of the network.
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1. |
Funds may be submitted
for placement only after a depositor enters into the CDARS®
Deposit Placement Agreement with American Home Bank. The agreement contains important
information and conditions regarding the placement of funds by us.
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2. |
This benefit applies to
some, but not all types of CDARS® transactions. Let
us know if this benefit is important to you, so that we can explain the relevant
terms and conditions in more detail. |
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CDARS is a registered
service mark of Promontory Interfinancial Network, LLC.
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