Deposit Accounts for Homeowner Associations


Increase the rate of return on Association deposits. Reduce fees.

Maximizing association finances builds a stronger community.


City National Bank offers multiple options to meet specific association deposit needs.



     Association Checking Account/Association Management Checking

     Association Interest Checking Account/Association Growth Checking


Money Market

     Tiered Association Money Market Account



     Association Reserve Savings Account


Time Deposits

     Association Reserve Certificate of Deposit

     Extended FDIC Coverage Account*

     Promontory CDARS – Certificates of Deposit**

     Promontory ICS – Money Market Sweep Account**



To get started, contact:

Within Florida:  

Richard Garcia


Office:  305-577-7318 / Cell:  786-376-0845

Outside of Florida:

Stephanie Welsh


Office: 407-502-5922 / Cell: 407-619-3198


*Please consult your tax advisor.


**Placement of funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS or CDARS settlement for a deposit or after ICS or CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS or CDARS satisfies those restrictions. ICS, Insured Cash Sweep, and CDARS are registered service marks of Promontory Interfinancial Network, LLC.



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