The Certificate of Deposit Account Registry Service®, or CDARS®, is the easiest, most convenient way to enjoy access to FDIC insurance on large deposits. 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.
CD-level Rates. Your deposits earn CD-level returns, which may compare favorably to those associated with other investment alternatives.
Safety. Your deposits are eligible for access to multi-million-dollar FDIC insurance coverage.
Convenience. Work directly with just our bank, you earn one interest rate per maturity and receive one regular statement. You never have to manually consolidate interest disbursements from various sources or manually consolidate account statements.
Privacy. As always, your confidential information is protected.
Community Investment. Your deposits can support lending opportunities that foster a stronger community.(1)
Whether you are a private investor, corporation, small business, non-profit organization or a public sector group, you can take advantage of this unique service. For more information, contact an office nearest you.
(1)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.
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 the Certified Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC
What is ROADRUNNER?
ROADRUNNER is an easy, secure way to make deposits from the convenience of your desktop.
How does ROADRUNNER work? After you accept check payments from your customers, using ROADRUNNER, you scan the checks and submit the legal, secure, electronic image to us. Upon submission, FNBofNM will print and process these deposits. That’s it!
Is it secure? ROADRUNNER allows for different levels of security before files are submitted to FNBofNM. Because you’re transmitting actual check images through a secure web browser. ROADRUNNER actually helps reduce the risk of check fraud.
Convenience – no more daily trips to the branch. Deposit checks right from your desktop.
Extended cutoff – 4:00 p.m. every business day
Reduced expenses – Saves time and money. Eliminates the cost and liability of regular trips to the bank.
Faster funds availability – Speeds up the availability of funds
Streamlines operations – Automates the process of creating deposit tickets. Improves posting accuracy. centralizes deposits from satellite offices with one financial institution.
Peace of mind – Reduces the risk of fraud. Assures deposits are being made daily
NOTICE: OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html