Looking for a way to keep large deposits safe? Ask us about CDARS®. It’s a great solution for: businesses * nonprofit organizations * public funds * IRAs
With CDARS, you can access FDIC protection on multi-million dollar CD investments through Central Bank Illinois. There are few guarantees in life – FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you. 1Why CDARS?
It’s one-stop shopping. With help from CDARS, you can access:
We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network – in increments of less than the standard FDIC insurance maximum – so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.
These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes. 2What else should I know?
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.
And with CDARS, you can eliminate the need to monitor changing collateral values – another time saving convenience.
Of course, your confidential account information remains protected.
Ask us about how CDARS can work for you the next time you visit one of our branches, or contact us for more information.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
Getting to the bank has become expensive. We've got the solution.
Business account customers can make deposits to their Central Bank account without leaving their office, all through the security of their office PC. As a business owner, Remote Deposit can save you costs and create efficiencies improving your daily operations.Does Your Business:
Have multiple locations?
Make deposits after normal banking hours?
Want faster funds availability?
Conduct operations a distance from the bank or nearest branch?
Pay for transportation costs to deliver deposits to the bank?
Receive checks with large dollar amounts?
Make frequent deposits during the day?
Like to improve employee efficiencies?
Like to improve employee efficiencies?
Want to easily search previous deposits?
If you answered YES to even one of these questions, then Central Remote Deposit may benefit your business. Ask your Personal Banker today for more details.
As a business owner you may look at your expenses at month end and wonder, "Where did it all go?" Central Bank has the solution -- a business debit card. Tracking your expenses for the office and employees just got easier when you:
A business debit card from Central Bank can help save time and money, while empowering your employees to make business purchases. Find out more!
Your 24 hour link to account informationAccess Number
Please call the toll-free number to receive initial registration instructions. If you need assistance, please call 309-944-5601 during regular business hours for help.
Telephone Banking (Interactive Voice Response or IVR) gives you the capabilities of banking any time of day and from any location. Providing you with telephone access to your account information, while allowing you to perform transactions or inquiries from work, home or on the road.
An easy to use menu system will walk you through every step of your phone call. Don't worry about making a mistake. Just listen carefully and press the numbers when instructed.
A carefully designed security system allows only YOU to access your account information. You will be able to access the same accounts as if you were across the counter from one of our personal bankers. Please remember to keep your Personal Identification Number (PIN) confidential by not allowing others to use it. Each customer of the bank can access their own accounts by using their individual User ID's and PIN numbers.DEPOSIT ACCOUNT SERVICES
As a member of Central Classic Club you'll make new friends, visit new places and discover how much fun banking can be. If you are age 50 or better, and would like to receive a host of FREE banking benefits while enjoying social and travel opportunities, Classic Club is what you're looking for. Classic Club qualifications:
A joint account covers both husband and wife.
If one spouse meets age 50 requirement, other
spouse automatically qualifies for membership.
Purchase a Classic Club gift certificate in any amount used towards Classic Club trips.
Don't miss a thing. Look at our Calendar of Events to see what's happening this year! Click on the underlined titles for more information.
Enjoy no monthly service fees when you maintain the required average monthly balance of $2,500. Club members receive FREE Internet Banking, FREE electronic statements, FREE Online Bill Pay, FREE Mobile Banking, FREE Telephone Banking, and unlimited check writing. Your checking account includes FREE check safekeeping.CentralChek ATM/Debit Card
Members receive a FREE CentralChek ATM/Debit Card with no annual fee. CentralChek entitles you to 24-hour access to your deposits, and there are no transaction fees at Central Bank ATMs.Member Checks and Official Bank Checks
Club members may receive FREE duplicate checks** personalized with the Classic Club emblem, depending upon your checking account type. Money orders and cashier checks will be issued without a fee for club membersSafe Deposit Box Rent Discount
Club members receive a discount on their annual safe deposit box rent when they sign up for automatic payment.Special Travel Offers
Throughout the year, one day and extended trips, such as ball games, dinner theatres, scenic and historical tours, stage shows and much more will be planned at discount prices exclusively for Classic Club members.Exclusive Member Events
Other special events, such as cards, bingo, potlucks, movie days, and informative seminars will be held for members throughout the year. Refreshments and giveaway drawings will be held at these activities.Membership Newsletter
A quarterly Classic Club newsletter will be sent to each member informing them of upcoming club activities and events. Issues will also contain valuable information regarding bank products and services.Direct Deposit
Let Central Bank deposit your social security or retirement checks directly into your account-it's safe, easy and it's there when you need it!FREE Copying Services
Limit 10 copies per month.FREE Notary Service Join The Club!
*Please refer to our Services Brochure for deposit requirements on Value Plus Checking Accounts. all checking accounts for club members are truncated, regardless if your Statement Savings, Money Market Savings, or Certificate of Deposit account, is your qualifying membership account.
**Free checks are Gray Specialty in duplicate style, and are available with a Value or Value Plus Checking account.
*Please refer to our Services Brochure for deposit requirements on Value Plus Checking Accounts. All checking accounts for club members offer FREE check safekeeping, regardless if your Statement Savings, Personal Insured Money Management, or Certificate of Deposit account is your qualifying membership account.
* Subject to credit review and approval.