Bank of Georgetown Products

CDARS PROGRAM

Certificate of Deposit Account Registry Service (CDARS)

Looking for a way to keep large deposits safe? Ask us about CDARS®. It’s a great solution for: businesses * nonprofit organizations * public funds * IRAs

With CDARS, you can access FDIC protection on multi-million dollar CD investments through Bank of Georgetown. 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.*

Why CDARS? 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 us. You earn one interest rate and receive one regular statement, and one year-end tax form.

•Community Investment – The full value 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?

We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network – in increments of less than the standard FDIC insurance maximum – 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.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes. **

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 – 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 Bank of Georgetown for more information.

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

** This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.

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

Georgetown Premium Savings

With balances of over $2,500.00 you can earn an Annual Percentage Yield of .60% *

Georgetown Premium Money Market

With balances of $100,000.00 you can earn an Annual Percentage Yield of 1.10% *

With balances of over $25,000.00 you can earn an Annual Percentage Yield of .80% *

* These are variable interest rate accounts and the interest rate may change after opening. Fees may reduce earnings on these accounts. Annual Percentage Yields are correct as of July 14, 2010.

Our institution has elected to participate in the FDIC’s Transaction Account Guarantee Program. Under that program, though December 31, 2010, 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.  The rule requires that interest rates on qualifying accounts offered by banks participating in the program be reduced to 0.25 percent.

FDIC Deposit Insurance has been permanently increased to $250,000 per depositor.