PowerCDSM
A PowerCD is an equity linked CD issued by a participating FDIC insured Bank that provides a guaranteed return of principal at maturity with a rate of return linked to a leading stock market index. CD Funding Group offers the proprietary PowerCD program in a comprehensive turn key package that allows issuing Banks to generate new client deposits at a funding cost below alternative sources of funds like FHLB Advances and Traditional CDs.
Features
The PowerCD can also provide depositors with protection against the prospect of a loss of principal at maturity when the underlying index is down in value, while generating a potentially positive return through a link to an underlying equity index, basket of stocks, commodity index or other market instruments.
Benefits
The PowerCD program is a great tool for bankers seeking to raise low cost deposits and provide value added new bank products. The industry leading experts of CD Funding Group provide all the requirements to allow a bank to be issuing PowerCDs within 60 days of joining the program. Your bank benefits from complete accounting, step by step operation processes, disclosure templates, on-site sales training, marketing materials and much more from the PowerCD program.