Extended Deposit Insurance
Powered by ModernFi
cPort's Extended Deposit Insurance allows business members access to multi-million dollar deposit coverage through our trusted network, so you can keep more of your money protected, all in one place.
Greater Protection. Greater Peace of Mind.
At cPort, your deposits are federally insured up to $250,000 per depositor. If your savings exceed that limit, a portion of your funds may not be fully protected. With Extended Deposit Insurance, balances above the standard coverage limit are protected without the hassle of opening accounts at multiple institutions or managing multiple relationships. We make it simple to keep more of your money secure while maintaining the convenience of banking with cPort.
Beyond Standard Coverage
We’ve partnered with ModernFi to give our members access to extended deposit insurance, so you can protect balances far beyond standard limits, without opening accounts at multiple institutions.
Key Benefits
Access multi-million dollar deposit protection
cPort's Extended Deposit Insurance works by distributing your funds among participating financial institutions, allowing your entire balance to be covered through insurance at multiple institutions.
cPort is your financial home base.
Even when your deposits are distributed among participating financial institutions for extended insurance coverage, everything is managed right here at cPort.
We handle the behind-the-scenes work
Through our partnership with ModernFi, cPort handles all the technical complexities of managing your funds across multiple financial institutions, making the process seamless and hassle-free for you.
Know more of your money is protected
With cPort's Extended Deposit Insurance in place, you can rest easier knowing your deposits are safeguarded and your business's financial future is secure.
How Extended Insurance Works
When you opt in, your funds are securely distributed across a network of participating financial institutions. This allows your total balance to qualify for insurance coverage across multiple institutions—while you continue to manage your money directly through us.
There are 3 steps:
- You deposit your funds with us.
- At your direction, we place funds across a trusted network if your balance exceeds the federally insured amount.
- Your total balance receives expanded insurance coverage.
You still see and manage everything through cPort's eBanking platform—no extra logins, no extra hassle.
Ready to Protect More of Your Savings?
Let’s talk about how cPort's Extended Deposit Insurance can work for you.