Are there any options to open a CD for more than $250,000 and still have it be insured?
Yes. USB is a member of the Certificate of Deposit Account Registry Service® (CDARS). Using this service, you can make a multi-million dollar CD investment which will be spread across multiple banks in order to be eligible for FDIC insurance. However, you work with one bank, receive one rate and only one statement. CDARS makes it easy for you to manage your investment while working directly with USB. To learn more or to open a CDARS account, contact your local USB branch.
® CDARS is a registered service mark of Promontory International Network, LLC.