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Business Certificates of Deposit (CDs) & CDARS

Maximize your earnings over the short term or long haul

The key to running a successful business is the ability to look beyond today's challenges. Planning for the future requires smart money management and saving strategies. Your forward-looking businesses can generate extra revenue by placing reserve funds in high-yield Metro City Bank CDs that range in terms from 30 days to 5 years.
 
  • CDs feature higher interest rates than most traditional savings accounts
  • In general, longer term CDs offer the highest rates
  • $1,000 minimum deposit to open Business CD account
    Interest credited to your CD account monthly. You may choose to keep the interest in the CD, have it paid directly to your business or automatically transferred to your checking, savings or Money Market account.
  • A penalty may be imposed for early withdrawal - usually one to six months' worth of interest, based on the CD term
  • Your business's initial deposit is never at risk. Funds are protected by Federal Deposit Insurance Corp.
 

What is CDARS?

CDARS is an short for Certificate of Deposit Account Registry Service. It's a multi-bank network designed to provide financial protection for individuals and businesses that place large sums of money in CDs. Here's how it works:
  • The Federal Deposit Insurance Corp. protects deposits up to $250,000 per account
  • If your business want to place more than that in CDs, the amount over $250,000 is spread among other banks participating in the CDARS network
  • The CDARS network can handle deposits up to $50 million
  • Depositors need to only deal with one bank - in this case, Metro City Bank
  • No matter where your business funds are ultimately deposited, you will receive the interest rates offered at Metro City Bank
  • You will also receive just one statement for all your funds
  • To inquire about CDARS, please contact one of our associates at 770- 455-4989
 










Metro City Bank is a full-service financial institution with branches in Doraville, Norcross, Duluth, Marietta, Johns Creek, Suwanee, and LaGrange, Georgia; Opelika and Montgomery, Alabama; Tampa, Florida; Centreville and Annandale, Virginia; Dallas, Grand Prairie, and Houston, Texas; Bayside and Flushing, New York; and Fort Lee, New Jersey.
 
Rates are subject to change. Fees could reduce earnings on the account.
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