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Looking for a way to keep large deposits safe? Ask us about CDARS®. It’s a great solution for: businesses, nonprofit organizations, public funds managers, trustees, financial advisors, individuals, credit unions, and IRAs.

With CDARS, you can access multi-million-dollar FDIC insurance protection through Mound City Bank.* There are few guarantees in life – FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you or your business.*


It’s one-stop shopping. With help from CDARS, you can access:

  • Safety: Your money can access multi-million-dollar FDIC insurance coverage.*
  • Convenience: You work directly with just us. You earn one interest rate per maturity and receive one regular statement. Individual investors receive one year-end tax form.
  • Community Investment: The full amount of your money can support lending opportunities in your local community.**
  • CD-Level Rates: Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

How does CDARS work?

Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then, those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank – our bank – you can receive insurance through many.

What else should I know?

Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.

And with CDARS, you can eliminate the need to monitor changing collateral values on an ongoing basis – another time saving convenience.

Of course, your confidential account information remains protected.

Ask us about how CDARS can work for you the next time you visit one of our branches, or email Mound City Bank for more information.

* Limits apply. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Mound City Bank. The agreement contains important information and conditions regarding the placement of funds by us.

** When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the Network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

Prevent an overdraft with an automatic transfer from another Mound City Bank account

  • Transfers the available ledger balance to cover your overdraft, applies the $10.00 transfer fee, and a $5.00 balance to maintain your account.
  • No annual fee.
  • Transfer fee of $10.00. Limit six transfers per statement cycle from a savings or a Money Market account.


Now, simply by using a touch-tone phone, you can access your Mound City Bank accounts anytime, anywhere with complete privacy.

Dial 1-800-579-LINK to request information on checking accounts, savings accounts, loans, investment rates, banking hours, and more - all at no charge.

Read more about Mound City Link

Overdraft fees may apply, see a Personal Banker for details.

Avoid overdraft fees by "writing your own loan"

See a Personal Banker for details