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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.

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  • 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

How CDARS Works

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.


To get started visit one of our branches or for more information about business CDARs accounts, simply fill out the form below and a knowledgeable BankFirst representative will contact you.