CDARS (Certificate of Deposit Account Registry Service)
CDARS is the smartest, most secure and convenient way to invest in large dollar FDIC-insured CDs!
- Earn CD level returns.
- Access multi-million dollar FDIC insurance.
- Less paperwork to fill out and receive only one statement
Feel good knowing that the full value of your money stays local to support lending opportunities that build a stronger community; with CDARS , you invest not just in CDs but in your own back yard.
Choose from:
- 4 weeks
- 13 weeks
- 26 weeks
- 52 weeks
- 2 years
- 3 years
- 5 years
If desired, you can also ladder your CDs or combine maturities to effectively create a customized term.
When you place a large amount with us, we place your funds into CDs issued by other banks in the network - in increments of less than $100,000 - so that both the principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.
Your confidential information remains protected. We don't share the information with other banks in the network other than our service provider.
How does CDARS work?
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You enter into one agreement.
You sign one simple Deposit Placement Agreement with us.
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You select an interest rate and maturity.
Based on our current CD options, you decide on a rate and a maturity that best matches your investment goals.
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Funds are deposited.
Using CDARS, we submit your funds for placement at member banks.
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CDs are issued.
Member banks issue CDs in denominations under $100,000 so your entire investment is eligible for full FDIC insurance coverage.
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Confirmation is received.
You receive written confirmation of your deposits and a listing of all your CDs.
Learn more about CDARS by clicking on the picture below!
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