CDs & CDARS


Certificates of Deposit (CDs)

CDs are available in amounts of $1000 or more. Ask any Resource Bank employee for our current rates.

1 week early withdrawal penalty of 7 days interest
3 month early withdrawal penalty of 30 days interest
6 month early withdrawal penalty of 30 days interest
1 year* early withdrawal penalty of 90 days interest
18 month* early withdrawal penalty of 90 days interest
24 month* early withdrawal penalty of 90 days interest
3 year* early withdrawal penalty of 180 days interest
4 year (2 step-ups) early withdrawal penalty of 180 days interest

*All CD's with a term of 1 year to 3 year maturities are allowed one step-up.


CDARS - Certificate of Deposit Account Registry Service®

With CDARS, you can invest up to $50 million and still be eligible for FDIC insurance on every dollar. Using CDARS, we will place your funds with multiple FDIC-insured institutions. You can enjoy the simplicity of working with just one bank and still have the benefits of full coverage. Visit CDARS FAQ for detailed info.

Terms for CDARS:

13 weeks early withdrawal penalty of 90 days simple interest
26 weeks early withdrawal penalty of 90 days simple interest
52 weeks early withdrawal penalty of 180 days simple interest
2 year early withdrawal penalty of 360 days simple interest

How does CDARS work? Through a sophisticated computer network, Resource Bank places customer deposits with other FDIC-insured banks, allowing customers to manage all their funds through one portfolio at Resource.

We are 1 of 2,150 banks offering this unique product. CDARS allows us to satisfy customer demand for safety and convenience. In effect, a risk free investment, it is a new, smart option to help customers manage their money. Contact your Resource relationship banker or your local branch to learn more.

 

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