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Use CDARS to Keep Associations Funds Secure


How CDARS Protects Your Homeowners Association Funds

If you manage a large HOA account, you likely have substantial funds to protect. The CDARS (Certificate of Deposit Account Registry Service) lets you place your funds into CDs in increments below the standard FDIC insurance limits.

When you set up a CDARS account with Mutual of Omaha Bank, which is a member of the CDARS Network, your funds are protected by FDIC insurance and you receive a single, consolidated account statement.

The Benefits of Opening a CDARS Account

In addition to having confidence that your HOA funds are protected by FDIC insurance, you'll enjoy the convenience of working with just one bank to manage your certificate of deposit account. You receive one, easy-to-read statement covering all your CD funds.


Term Interest Rate Annual Percentage Yield (APY*)
4 Weeks 0.6% 0.6%
13 Weeks 0.75% 0.75%
26 Weeks 0.9% 0.9%
52 Weeks 1.98% 2%
104 Weeks 1.39% 1.4%
156 Weeks 1.59% 1.6%

Rates effective as of 10/15/2019

Rate quotes are for interest at maturity only. Order limits may apply and may vary by term. Please call 480-224-7473 or 480-224-7516 if you have any questions. The interest rate and Annual Percentage Yield (APY) may change after the account opening. APY assumes interest will remain on deposit until maturity. Orders can be placed for a minimum of $10,000 and a maximum of $1,000,000 per maturity term.

Penalty will be incurred for withdrawal prior to maturity.

* Rates subject to change without notice.