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Secure your business' large deposits with FDIC insurance up to $50 million

Business CDARS CD

Is your business seeking a certificate of deposit Glossary, that is FDIC insured for large denomination deposits? Then, the EverBank® CDARS® Certificate of Deposit is worth investigating. Providing FDIC insurance on deposits up to $50 million,1 our business and individual banking clients select this CD knowing that their deposits are protected. And earning high yields, too. Distinctly unique, since traditional CDs typically are FDIC insured up to $250,000 (through December 31, 2013)—you'll also enjoy the convenience and efficiency of working with just one bank on large denomination deposits.

Businessmen playing soccer indoors

You strategically anticipate every outcome. We offer protection from every angle.

CDARS® CDs can offer you the following benefits:

  • FDIC insurance on deposits up to $50 million.1
  • High-yield interest rates.
  • Convenience of working with one bank for amounts that aren't customarily FDIC insured at one location—no need to deal with several institutions or manage multiple accounts.
  • Open with a $10,000 minimum deposit.
  • Choice of terms from 3 months to 3 years.
  • Reminder sent to you 15 days prior to CD maturity.

A high yield plus large deposit
FDIC insurance. A great match.



1-year CD 0.75% APY2

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How can I be sure that the Business CDARS CD is right for me?

If you have funds that you won't need for a period of time and want FDIC protection for your large denomination deposits, then this CD might be right for you. While CDs are generally risk-free, one factor you might consider is liquidity—your business funds will be committed until maturity (penalties apply for early withdrawals). If liquidity is a necessity and you want FDIC insurance for deposits up to $250,000 (through Decemeber 31, 2009), then we encourage you to explore how our high yield Business Money Market Account could fit your needs.

I'm interested in opening an CDARS CD, what's my next step?

  • To open a CDARS CD simply apply online or call 866.371.3831 Option 5 for more information.
  1.  
  2. EverBank, the EverBank Infinity Sphere and EverBank logo are proprietary service marks of EverBank. All rights reserved.
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866.371.3831 Option 5

Get help finding the right product or service. Talk with one of our Business Relationship Specialists.

Important Disclosures

  1. The Certificate of Deposit Account Registry Service (CDARS) offers Certificates of Deposit (CDs) that allow FDIC insurance in excess of single institution limits, subject to availability based on CD term and participation limits. Placement is based on date and time of application approval and funding. Deposits above single institution FDIC insurance limits will not benefit from higher insurance protection until the CDARS account is Placed. Accounts are Placed each week on Thursday or the next business day thereafter. Early withdrawal penalties apply. A minimum deposit of $10,000 is required to open the account. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC. Published rates and APYs are not applicable to CDs in excess of $5 million; please call for a rate quote.

  2. The quoted Annual Percentage Yield (APY) is current as of 3/12/2010 12:00:00 AM, may change at any time prior to the opening of the CD, applies only to the corresponding term also quoted with the APY, and assumes interest remains on deposit until maturity. A minimum deposit of $10,000 is required to open the account. The Certificate of Deposit Account Registry Service (CDARS) offers Certificates of Deposit (CDs) that allow FDIC insurance in excess of single institution limits, subject to availability based on CD term and participation limits. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC. All accounts are subject to approval based in part on CD term and EverBank's CDARS participation limits. For current limits, please contact Customer Care. Accounts do not fund immediately. Funds received for a CDARS account may be placed into a Yield Pledge Money Market account until your CDARS account is approved and opened ("Placed"). Please refer to the Yield Pledge Money Market section of this rate table for more information on this account. Funding Requirements: The date your funds are received sets the earliest time your CDARS account can be Placed: (1) Wire Transfers must be received by 12 p.m. ET on the Wednesday prior to Placement; (2) Cashier's Checks deposited in person must be received by 12 p.m. ET on the Wednesday prior to Placement; (3) Transfers from an existing EverBank Account must be received and available before 12 PM ET on the Wednesday prior to Placement; and (4) Personal Checks must be received by 5PM ET on the Friday prior to Placement. Deposits above single institution FDIC insurance limits will not benefit from higher insurance protection until the CDARS account is Placed. Accounts are Placed each week on Thursdays or the first Business Day thereafter. Early withdrawal penalties apply. Published rates and APYs are not applicable to CDs in excess of $5 million; please call for a rate quote.

  3. A minimum deposit of $10,000 is required to open the account. Published rates and Annual Percentage Yields are not applicable to CDs in excess of $5 million; please call for a rate quote.