CDARS®
You can use the Certificate of Deposit Account Registry Service® or CDARS® to access multi-million-dollar FDIC insurance on your CD deposits1. It’s a simple way to protect your hard-earned funds.
- Access multi-million-dollar FDIC insurance
- Earn one CD-level rate per maturity
- One regular statement shows details of all your CD investments placed through CDARS®
- Variety of maturities (from four weeks to five years)
- No hidden fees of any kind
- Your funds can be used to support local lending2 initiatives, like special development projects that strengthen the local community
1 Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.
2 When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.
