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Increasing Your Coverage Through CDARS

Pinnacle offers an additional opportunity to increase your FDIC insurance coverage using a program called CDARS. Your relationship stays with Pinnacle, but we place your money in $100,000 increments across multiple institutions to maximize the coverage. We establish your account, work with you on rates, provide you with one monthly statement and let you know when your CD matures. You get the advantage of full coverage but don’t have to hold individual accounts at multiple banks.

With CDARS you get:

• One Bank: You can access multi-million dollar FDIC insurance coverage through your relationship with Pinnacle. With access to full insurance, you can say “goodbye” to opening accounts at different banks in different insurable capacities.
• One Rate: You will earn one interest rate per maturity making it easier to track what you’re earning.
• One Statement: You receive one easy-to-read statement summarizing all your CD holdings. There is no need to manually consolidate account statements or interest disbursements on a recurring basis.

The process is simple.

• You sign a CDARS Deposit Placement Agreement and deposit money with us.
• Your funds are placed using the CDARS service.
• Your CDs are issued by other banks in the CDARS network.
• You receive confirmation from Pinnacle of your CDs.
• You receive consolidated interest payments and statements from us.
• Your confidential information remains protected. We don’t share the information with other banks in the network other than our service provider.

What are the options?

• 4 weeks
• 13 weeks
• 26 weeks
• 52 weeks
• 2 years (104 weeks)
• 3 years (156 weeks)
• 5 years (260 weeks)

This program is approved by the State of Tennessee as a valid investment option for public funds. Our financial advisors welcome the chance to help you find the right account. Please send us a request through our Contact Us form or visit us at one of our locations.