CDARS
(Certificate of Deposit Account Registry Service)

Announcing an Innovative New Product for Large-Deposit Investors

Need extra FDIC insurance? First Hope Bank has a new, innovative product to meet your needs. Known as CDARS (Certificate of Deposit Account Registry Service), we can now place deposits in excess of $100,000 into smaller-denomination CDs at multiple institutions.

This innovative new service offers many benefits:

FDIC Insurance for large deposits. Because funds are placed in FDIC-insured CDs that are issued by other Network members, your total deposits over $100,000 can be eligible for full FDIC coverage, up to $50 million.

CD Interest. Rates compare favorably with those of other high-quality, fixed-income investments.

Management Convenience. You can manage all of your CD investments through a single relationship.

Security of working with a trusted, local source. Your transaction is managed by the people you know and trust here at First Hope Bank.

Plus, CDARS also offers First Hope the ability to accept funds held in Individual Retirement Accounts (IRA) for IRA customers concerned with safety and income. The longer duration CDs permit customers to capture a little more current income in this very low interest rate environment.

Call or stop by any office to learn more about this product, or email us.

First Hope is the only bank in Northwest New Jersey offering this service. It's just another way that we are keeping our pledge to deliver superb customer service and leading edge financial products.