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Central Bank of Kansas City
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- 1Tellus and Central Bank of Kansas City Launch FDIC-Insured Deposit Account●Fintech Meets CDFI: Tellus and Central Bank of Kansas City Team Up on FDIC-Insured Deposit Account
Fintech firm Tellus has partnered with Central Bank of Kansas City, a community development financial institution, to offer an FDIC-insured deposit account. The pairing links a technology-driven savings platform with a minority-owned CDFI, giving depositors federal insurance coverage while channeling funds toward community lending. The announcement was issued via press release, and details on rates and availability are expected from the companies.