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CDARS for Public Funds

As a manager of public funds, your daily efforts work to protect funds for schools, fire and police departments, public hospitals, roads, public utilities, and other public entities. It may not always make headlines, but it does come with challenges. Through CDARS®, you can access multi-million-dollar FDIC insurance on CD investments, making it easier than ever to earn CD-level returns while protecting the public’s vital resources. 

Infographic: CDARS Usage by State

If you are a depositor of public funds and want to use the CDARS service…


The law of your state must permit the use of services such as CDARS for deposits of public funds. Search for your state below to see if CDARS is enabled for public funds. Select a state to see the state-specific law enabling CDARS (where applicable) and a list of banks that offer CDARS.

Montana VT NH MA RI CT NJ DE MD HI DC
blue CDARS enabled for public funds
grey CDARS not yet enabled for public funds
If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor whether the placement of the depositor's funds through CDARS, or a particular CDARS transaction, satisfies those restrictions.
View this short video to learn how public fund managers can benefit from CDARS and the Insured Cash Sweep® service.
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