CDARS®
One Bank
Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS® Network. Then those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank - our bank- you can receive insurance through many.
One Rate
You earn one rate per maturity 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, and other details. With CDARS®, there's no need to manually consolidate statements or track collateral values on an ongoing basis.
Contact us for more information or learn more at cdars.com