13 month cd special
BankStar is offering a 13-month CD with an annual percentage yield of 4.10%.*
*Annual Percentage Yield is accurate as of February 18, 2025. $10,000 minimum balance required. Penalty for early withdrawal. Institutional or Public Funds not eligible.
IntraFi® Network Deposits
Be part of a special network. With Intrafi® Network Deposits, you can receive up to $50 million in FDIC protection through BankStar Financial. There are few guarantees in life— FDIC insurance is one of them. Intrafi® Network Deposits can be a valuable cash management or longer-term investment tool for you or your business.
Why IntraFi® Network Deposits?
- Safety - Your money can receive up to $50 million in FDIC insurance coverage
- Convenience - You work directly with BankStar Financial, you earn one interest rate and receive one regular statement. Private investors receive one year-end tax form.
- Community Investment - The full value of your money can support BankStar Financial's lending opportunities in your 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 mutual funds.
How does it work?
BankStar Financial is a member of a special network. When you place a large amount with BankStar, we place your funds into certificates of deposit issued by other banks in the network—in increments of less than $250,000—so that both your principal and interest are eligible for complete FDIC protection. With help from a sophisticated matching system, we exchange deposits with other banks that are members of the network.
These exchanges, which occur on a dollar-for-dollar basis, bring the full amount of your original deposit back to BankStar. 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 need to open multiple accounts at multiple banks, manage various interest rates, organize interest disbursements from various sources, or manually consolidate monthly statements, reducing your administrative burden, especially during tax and financial reporting seasons.
With Intrafi® Network Deposits, you can eliminate the need to monitor changing collateral values —another time-saving convenience — while your confidential account information remains protected.
Contact us today to discuss the best options for you.
Placement of funds through the IntraFi® Network Depsoits service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before IntraFi® Network Deposits settlement for a deposit or after IntraFi® Network Depsoits settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi® Network Depsoits satisfies those restrictions. CDARS, Certificate of Account Registry Service, and One Bank One Rate One Statement are registered service marks of Promontory Interfinancial Network, LLC.