State Bank of Countryside is a member of the FDIC. Each of our depositors is insured to $100,000. In some cases, there may be ways to increase your FDIC insurance coverage over the $100,000 limitation.

In addition, federal law provides for insurance coverage of up to $250,000 for "self-directed" retirement accounts. A self-directed retirement account is a retirement account for which the owner, not a plan administrator, has the right to direct how the funds are invested, including the ability to direct that the funds be deposited at a specific FDIC-insured bank.  Types of self-directed retirement accounts include traditional and ROTH Individual Retirement Accounts (IRAs), Simplified Employee Pension accounts, "Section 457" deferred compensation plan accounts, self-directed Keogh plan accounts and self-directed defined contribution plan accounts.    

Obtain up to $50 million in FDIC insurance on your deposits with State Bank of Countryside’s CDARS program. CDARS is a valuable tool that will safely enhance your investment portfolio while providing time saving conveniences.

With CDARS, your large deposit is broken into smaller amounts and placed with other banks that are members of this special network. Then, those member banks issue CDs in amounts under $100,000 so that your entire investment is eligible for FDIC insurance and earns CD-level interest. You work directly with us and receive one regular statement, which lists all of your CDs in the CDARS network. No more trips to multiple banks to open and close CDs. One bank, one statement, all covered by the FDIC.

For additional information about our CDARS program, contact a Financial Counselor at any of our locations.

For additional information about FDIC insurance coverage, please see one of our Financial Counselors, or click on this direct link to the FDIC:  

www.fdic.gov/deposit/index.html