CDARS® for Individuals
With CDARS®, banks can offer you multi-million-dollar FDIC insurance coverage – so you can manage all of your certificates of deposit through a single bank relationship without hassle.
With CDARS, you get One Bank, One Rate, One StatementSM.
One Bank. Investors can access multi-million-dollar FDIC insurance coverage by working directly with just one bank – the bank they know and trust.
One Rate. Investors earn one rate for each CD maturity and enjoy the option of reinvesting funds through a simple process.
One Statement. Investors receive one easy-to-read statement summarizing all of their CD holdings.
With CDARS, you can say “goodbye” to running around town to multiple banks – no more opening up multiple title accounts in different rights and capacities of family members to maximize FDIC insurance at one bank. There also is no need to manually consolidate account statements or interest disbursements, which frees up your valuable time. You can enjoy the peace of mind associated with access to FDIC insurance on your CDs. You’ve worked hard for your money. Now, let it work hard for you.
CDARS received very positive reviews in a March 8 Standard and Poor’s Credit FAQ piece entitled, "What Effect Will The Certificate Of Deposit Accounts Registry Service Program Have On Fund Ratings?” In the report, Standard and Poor’s stated that, from a credit perspective, it deems CDs issued through CDARS to be “AAA/A-1+” equivalent. Excerpts from the report are available at Crane Data
Further, your confidential information remains protected.
Limits apply. Funds may be submitted for placement only after a depositor enters into an agreement with a network member bank.
With your consent, the 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, which may not satisfy your local investment goals/mandates.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.