Manage domestic and international wire payment activity through our Treasury Online service or call our wire desk, toll free 1 877.Bangor1 (1 877.226.4671).
CDARS is the Certificate of Deposit Account Registry Service, which is the easiest way to enjoy full FDIC insurance on deposit amounts larger than $250,000. Your large deposit would be broken into smaller amounts and placed with other banks in the CDARS network, so that your entire investment is eligible for FDIC insurance. By working with just one bank – Bangor Savings Bank – you can reap the benefits of full coverage.
Insured Cash Sweep – ICS
The Insured Cash Sweep (ICS) is a money market account that earns interest while keeping funds fully FDIC insured. The ICS product allows you to work with one bank – Bangor Savings Bank – while providing access to FDIC insurance on multi-million dollar balances, by spreading the placement funds to multiple participating financial institutions within the Promontory Interfinancial Network.
For more information, email us at TPSSupport@bangor.com or call 1.888.276.8723.