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Certificate of Deposit Account Registry Service®
BB&T is a member of a nationwide network of FDIC-insured financial institutions, allowing us to offer you the advantages of CDARS. When you deposit 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.
| CDARS |
Safety
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Receive up to $50
million in FDIC insurance coverage. |
Convenience |
- Eliminate the need to manage multiple bank relationships.
- Work directly with BB&T.
- Earn one interest rate and receive one regular statement.
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| CD-Level Rates |
Earn CD-level returns which
may compare favorably with other investment alternatives, including Treasuries,
corporate sweep accounts, and money market funds. |
| Simplified Tax Management |
Individual investors receive a single year-end tax form. |
Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with BB&T. The agreement contains important information and conditions regarding the placement of funds by us. Please read the agreement available at your local branch carefully before signing it.
CDARS and Certificate of Deposit Account Registry Service are registered service mark of Promontory Interfinancial Network, LLC.
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