Deposit Protection on Accounts of $250,000 or More
FDIC Insurance only covers your deposit account up to $250,000. If you have assets that total more than that, you want to make sure your money is protected. Oak Bank is a member of the IntraFi Network Deposits (CDARS) network. As a member of this network with other financial institutions, it allows us to protect your money. Contact our banking team to learn more.
How Do IntraFi Network Deposits (CDARS) Work?
As a member of this network, it allows us to spread your large deposit into multiple, FDIC-insured deposits placed at separate banks that are part of the same network. This allows you to retain full coverage on your deposit and still receive just a single statement each month and one annual tax form. Learn more about IntraFi Network Deposits (CDARS) by watching the video below.
