NOTICE: Our Branch Offices will be closing early on Monday, April 6th for a bank-wide training event.
Personal Banking » Savings Accounts
Savers Choice Accounts
Savers Choice Accounts provide an insured way to invest your funds whether you want a savings vehicle with liquidity or want to invest your funds in a longer term account, we have an account to fit your needs.
Select Money Market1
Certificate of Deposits1,2
Certificate of Deposits Registry Service® (CDARS)
Enjoy $50 Million in FDIC Insurance
What is CDARS®?
CDARS® is a Certificate of Deposit Account Registry Service®. And it's the easiest, most convenient way to enjoy access to full FDIC insurance on large deposits.
What makes it so easy and convenient?
Everything is handled through Bank of Agriculture & Commerce (BAC) and ECC Bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS network. Then, those member banks issue CDs in amounts under the standard FDIC insurance maximum, so that your entire investment is eligible for FDIC insurance. By working with just one bank, you can receive insurance through many.
You earn one rate on your entire investment—so you can avoid multiple rate negotiations and consolidating multiple disbursement checks.
You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, there's no need to manually consolidate statements, track changing collateral values, or use private surety bonds. It's that simple.
How Does CDARS Work?
When you're ready to take advantage of CDARS, here's what happens:
That's it! Using CDARS is just that easy.
Schedule of Fees (PDF) - a list of account related and other service fees.
1For information on interest calculations and payments or additional terms, please refer to account disclosure available from our customer service representatives.
2Certificates of Deposit may have a penalty for early withdrawal; see account disclosure available from a customer service representative.