Enjoy the stability of a Certificate of Deposit investment, and depending on your business’s needs, consider how CDARS® can help protect your large-dollar investments.

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Why Are CDARS® and CDs Important for Businesses?

Sometimes, commercial businesses need to expand their FDIC insurance coverage. FDIC insurance covers up to $250,000, but when your coverage needs exceed this set amount, you need a solution that can flex with your business’s requirements.

To accommodate such scenarios, many banks offer Certificates of Deposit (CDs), an arrangement where a business agrees for a bank to spread that business’s money through other banks in the network in exchange for better interest rates. This arrangement is extremely helpful for businesses that need to expand their FDIC coverage, as it allows for these businesses to stay below the FDIC insurance limits.

CDs are overseen by the Certificate of Deposit Account Registry Service® (CDARS), a program that enables businesses to disperse deposits throughout bank networks. CDARS® and CDs are important assets for businesses because they allow the business to have insurance coverage for more of their hard-earned money.

When businesses can make deposits across multiple banks, they significantly reduce their chances of exceeding FDIC limits. To take advantage of CDs, however, businesses must select a bank that offers this service. As one of the CDARS® participating banks in PA, Mid Penn Bank is proud to provide commercial businesses with CD and CDARS® in our PA region.

If you have long-term savings goals for your business, a Certificate of Deposit (“CD”) may be an ideal solution.  A CD is a time deposit account that pays interest at a set rate on a fixed balance over a certain period of time.

Certificates of Deposit

If you’re looking for an investment with a fixed rate of return for your business, consider how a CD may be the right choice:

  • Choose from a wide range of terms.
  • Automatic renewals are available.
  • FDIC insurance covers funds up to $250,000.

To learn more about our Business CD rates and terms, contact us today.


FDIC insurance covers deposits up to $250,000.  When your coverage needs exceed this amount, you need a solution that can accommodate your business’s requirements without complicated administration.

Mid Penn Bank offers the Certificate of Deposit Account Registry Service® (“CDARS®) to accommodate your needs.  Through this program, the business’s money is placed among a network of other FDIC- insured partner banks keeping the total balance including earned interest below the insurance limits for absolute protection.  This offers a single point of service—one interest rate, one maturity date, one statement—for each CDARS® placement regardless of balance.

CDARS® is the perfect solution for many different types of entities, from non-profits and public funds to businesses, advisors (including trustees, CPAs, financial planners, and lawyers), and individuals.  CDARS® protects large-dollar investments while earning CD-level returns.

If you anticipate your business needing expanded FDIC insurance coverage, we strongly recommend you talk to our team about CDARS®.  Learn more about how we can tailor this solution to your business’s unique needs.  Contact us today.

Turn to Mid Penn Bank for Commercial Certificates of Deposit

When you need to expand your FDIC insurance coverage for your growing PA business, it’s time to consider commercial Certificates of Deposit. As one of the major CDARS® participating banks in PA, we have extensive experience in helping commercial businesses protect their large-dollar investments as they continue to expand.

To learn more about CDARS®, call our Cash Management team at 717-920-8349 or contact us online.

Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS® and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.

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