Certificate of Deposit Account Registry Service (CDARS)

If you have a sizable amount of money, you can make the most of it while still getting the peace of mind that comes with full FDIC insurance. CDARS is the answer.

This valuable tool can safely enhance your investment portfolio while providing many time-saving conveniences. You work directly with us and receive one regular statement. It's that simple! One bank, one statement—all covered by the FDIC.

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Summary

With CDARS, your large deposit is broken into smaller amounts and placed with other banks that are members of this special network. Then those member banks issue CDs in amounts under the FDIC limit so that your entire investment is eligible for FDIC insurance and earns CD-level interest.

  • CD-level returns
  • Insure funds up to $55 million
  • Multiple CDs, one statement
  • Easy management
  • Full FDIC insurance

Click here to view the How CDARS Works Video (Windows Media version)

2009 Changes to CDARS

Since the FDIC has temporarily increased the Standard Maximum Deposit Insurance Amount (SMDIA) to $250,000, new CDs issued through CDARS that will mature prior to January 1, 2014, will be made in principal amounts that, together with accrued interest, will not exceed $250,000.