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The best problem a business can have is being too profitable. Get a return as high as any certificate of deposit, while enjoying full coverage on your large deposits.

The Certificate of Deposit Account Registry Service provides FDIC protection on up to $15 million through BankFirst. We secure your funds in CDs at CDARS® member institutions — you receive one statement, one tax form, and one competitive interest rate.

  • Interest above standard savings, which may compare favorably with other investment alternatives
  • Greater security; multi-million dollar FDIC insurance coverage (up to $15 million)
  • Convenience; everything is managed internally by BankFirst:
    • One interest rate
    • One regular statement
    • One year-end tax form
  • Flexible maturity periods available
  • Helps support lending opportunities within your local community

BankFirst is a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the network — in increments of less than the FDIC limit — 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. These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes.