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Do you have high deposit totals that exceed the usual FDIC insurance limit of $250,000 per accountholder per bank? Do you stress out about how to adequately manage your money in FDIC-insured accounts?
Bank of Bolivar / BOB Community Financial has a solution for you. Using the CDARS service from Promontory Interfinancial Network, we are able to separate even multi-million dollar deposits into FDIC-insurable amounts and place them at partner banks in either certificates of deposit or other demand deposit accounts so that your overall protection can extend well above the usual FDIC limit for one account.
Even better, you receive one convenient, consolidated statement from Bank of Bolivar / BOB Community Financial for all of your covered CDs or DDAs (containing issuing bank names, maturity dates, interest earned, and other details). So protecting and tracking your entire investment couldn't be easier! And best of all, Bank of Bolivar / BOB Community Financial is pleased to offer this service to you for FREE!