IntraFi CD

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CD Option of the IntraFi^SM Network Deposits
(formerly known as CDARS)

The CD Option of the IntraFi Network Deposits^SM (formerly known as CDARS) offers multiple benefits to consumers who want to combine the security of access to FDIC insurance with the convenience of working directly with just one financial institution such as Iowa State Bank. Other benefits include:

Peace of Mind. Using the CD Option service, you can access additional FDIC insurance on CD investments beyond the typical threshold.
One Relationship. You work directly with Iowa State Bank.
Normal CD Rates Apply.
One Statement. You receive one regular statement detailing your CD investments.
No Hidden Fees. You will not be charged annual fees, subscription fees, or transaction fees for using the CD Option service. The rate you see is the rate you get.
Maximum Term of 3 Years.

How can deposits greater than the standard FDIC insurance maximum ($250,000) be insured by the FDIC?

The standard FDIC insurance maximum is $250,000 per insured capacity, per bank. To protect a larger deposit, you could run around to multiple institutions to deposit your funds, or you can place your large-dollar deposit with us, a member of the IntraFi Network Deposits^SM. Your deposit is divided into smaller amounts and placed with other IntraFi Network members, each an FDIC-insured institution. Then, those member institutions issue CDs in amounts under $250,000, so that your deposit is eligible for FDIC insurance at each member bank. By working directly with us, you can access coverage from many (and receive just one regular statement).

Who has custody of my funds?

Funds placed are deposited only into FDIC-insured banks. We act as custodian for your IntraFi Network Deposits^SM.

Is my account information safe?

You work directly with just us—the bank you know and trust. As always, your confidential information remains protected.

Placement of funds through the IntraFi Network Deposits service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before CD Option of the IntraFi Network Deposits settlement for a deposit or after CD Option of the IntraFi Network settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits satisfies those restrictions. CD Option of the IntraFi Network Deposits is a registered service mark of IntraFi Network ^SM.