(Certificate of Deposit Account Registry Service)

The easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000

Is FDIC insurance important to you?

With CDARS, you can enjoy up to $50 million in FDIC insurance through us.

Convenience:

• One relationship. Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other institutions that are members of a special network. Then, those members issue CDs in increments less then the standard FDIC Insurance maximum, so that your entire investment is eligible for FDIC insurance. By working with our bank, you can receive insurance from many.
  
• One rate. You earn one rate on your entire investment – so you can forget about multiple rate negotiations and the need to consolidate multiple disbursement checks.
  
• One statement. You receive one regular account statement listing all of your CDs along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, there’s no need to manually consolidate statements.

There are no hidden fees. We do not charge annual fees or transaction fees for using the CDARS service.

Local benefits – your investment is available for local lending and development.

Your confidential information remains protected.

Six maturities to offer and combine:

1 month (4week)
3 month (13 week)
6 month (26 week)
1 year (52 week)
2 year (104 week)
3 year (156 week)

You receive a new account notice, monthly statements, timely maturity notices and one consolidated 1099 Interest Income form at year end.

One Bank. One Rate. One Statement. All fully FDIC insured. Ask us how.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.