Printer Friendly

Vanguard Capital Offers Customers $50 Million in FDIC Insurance Through CDARS.

IRVINE, Calif., Sept. 19 /PRNewswire/ -- Vanguard Capital, Inc., an SIPC insured brokerage firm based in La Jolla, California is now offering up to $50 million in FDIC insurance coverage through the Certificate of Deposit Account Registry Service (CDARS).

"Bank failures, and general financial turbulence have led many individuals, corporations, and fiduciaries to re-think their banking strategies and many are searching for ways to increase their federally insured protection. Now, it's all about safety," stated John Blake, a Managing Director at Vanguard Capital.

The CDARS program offers individuals, corporations, partnerships, LLC's, trusts, non-profits, and fiduciaries the ability to obtain up to $50 million in FDIC insurance coverage for their bank deposits. The customer can choose to invest in an array of short term to intermediate term Certificates of Deposit, all of which are insured by the Federal Deposit Insurance Corporation (FDIC).

A national deposit placement service, CDARS operates over a network of 2,300 member banks. This program achieves higher FDIC coverage by deploying large deposits into multiple federally insured banks. For example, when an investor deposits $500,000 the funds are disbursed over six network banks providing full insurance of both principal and interest. In addition to safety, the CDARS program offers competitive interest rates. The investor receives a consolidated financial statement showing all deposits, interest rates, and maturity dates. The customer can choose to target specific maturity dates, or may ladder their maturities to meet their cash requirements. Finally, tax reporting is made simple with a single year-end tax statement. For safe money investors, this is the most timely investment vehicle we've seen in years.

About Vanguard Capital, Inc.

Founded in 1988, Vanguard Capital is a national securities broker-dealer licensed in all 50 states and Puerto Rico to offer FDIC insured bank deposits and U.S. Treasury securities, and other publicly traded investments. Securities accounts are insured by the Securities Investors Protection Corporation (SIPC) to $500,000 and excess insurance provided by CAPCO, an A+ rated Vermont Insurance Company. The firm is registered with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Securities Industry and Financial Markets Association (SIFMA). Certificates of deposit are insured by the FDIC.

Corporate contact: John Blake (877) 564-6252 johnblake@vanguardcapital.com

CONTACT: John Blake of Vanguard Capital, Inc., 1-877-564-6252, johnblake@vanguardcapital.com

Web site: http://www.vanguardcapital.com/
COPYRIGHT 2008 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 19, 2008
Words:390
Previous Article:RadioShack Announces 2008 Vendor Award Winners.
Next Article:Women Business Brokers Grow in Numbers.


Related Articles
Capital Bank Offers Multi-Million Dollar Federal Deposit Insurance Coverage on CD Investments.
Vanguard Capital Offers Triple Protection for Customer Accounts.
Alpine Capital Bank Joins the CDARS Network.
Independent Bank Announces CDARS(R) Is Now Available to Michigan Public Funds Units.
First Niagara Ranked 20th in CDARS Deposits Out of 2,800 Banks by Promontory.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters