Smart Investing

Enjoy $50 Million in FDIC Insurance. Through the CDARS® service, we can provide you with easy access to multi-million dollar FDIC protection on your CD investments.

How does CDARS® work?

We are part of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the network – in increments of less than $100,000 – so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one. Enjoy the peace of mind associated with full FDIC insurance and the ease of managing everything through us.

What else should I know?

With CDARS®, you can say “goodbye” to running around town to open accounts at multiple banks in difference insurable capacities. There also is no need to manually consolidate account statements or interest disbursements, which frees up your valuable time. You can enjoy the peace of mind associated with access to full FDIC insurance on your CDs. You’ve worked hard for your money. Now, let it work hard for you.

As always, your confidential information remains protected.

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BNB Bank has no branches or other offices located outside of New Jersey, New York City, and Pennsylvania.
We are not affiliated with any similarly named banks located elsewhere. Please review our locations on this website.

      TEMPORARY LIQUIDITY GUARANTEE PROGRAM
      BNB Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through
      December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire
      amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and
      separate from the coverage available under the FDIC's general deposit insurance rules.
©2007 BNB Bank, All Rights Reserved   BNB Bank, Member FDIC.  Equal Housing Lender

The Simple, Easy CDARS® Experience


For many reasons, you’ve decided to deposit your funds at our bank using the CDARS® service, including:

• You want your deposits to be eligible for full FDIC insurance.
• You want the convenience of working with a single institution.
• You want the satisfaction of putting your funds to work in the local community.*
• You want your deposits to earn CD-level interest.

So how do you get started? Depositing through CDARS® is as easy as 1, 2, 3.

1. Set up your account by completing a CDARS® Deposit Placement Agreement. By monitoring your existing relationships, you maintain your eligibility for full FDIC coverage on all deposits – far beyond $100,000.

2. Agree to an interest rate with us for the CD maturity selected. We will ask you how you would like your interest to be paid – monthly, quarterly, semi-annually, annually, or at maturity – as well as whether interest proceeds should be paid directly to you or placed into your account with us. Then make your deposit.

3. We will place your funds through CDARS® into multiple CDs under $100,000 at other network institutions to assure that your entire deposit is eligible for full FDIC coverage. When your CDs are issued, you will receive notification confirming your deposit.

What else do I need to know?

You will receive a monthly statement that lists all of your CDs, the maturity dates and issuers, as well as your interest earned and other details.

We are the only people you’ll need to deal with at any time or for any service – including deposits, re-investments, withdrawals, and statements.

In addition to your monthly statements, you will receive a single year-end 1099 that reports your taxable income (private investors only).