CDARS

CDARS is the Certificate of Deposit Account Registry Service.  And it’s the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $100,000.  

Everything is handled through our bank.  Your large deposit is broken into small amounts and placed with other banks that are members of a special network.  Then, those member banks issue CDs in amounts under $100,000, so that your entire investment is eligible for FDIC insurance.  By working with just one bank-our bank-you can receive insurance from many.

You earn one rate on your entire investment, so you can forget about multiple rate negotiations and the need to consolidate multiple disbursement checks.

You receive one regular account statement listing all of your CDs, along with their issuing bank, maturity dates, interest earned, and other details.  With CDARS, there’s no need to manually consolidate statements, track changing collateral values, or use private surety bonds.

In short, any organization or individual who wants to combine the convenience of working with a single bank with the security of FDIC insurance can benefit from CDARS. 

Contact us for current rates at (603) 536-0001 or by