Business Account Services: Certificate of Deposit Account Registry Service®

One Bank • One Rate • One Statement


CDARS® is the Certificate of Deposit Account Registry Service®. It’s the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000 through Dec 31st 2009.

Why is that?

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 a special network. Then, those member banks issue CDs in amounts under $250,000 through Dec 31st 2009, so that your entire investment is eligible for FDIC insurance. By working with just one bank—our bank—you can receive insurance from many.

One Rate
You earn one rate on your entire investment. That means no more multiple rate negotiations or 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, interest earned, and other details. With CDARS, there’s no need to manually consolidate statements, track changing collateral values, or use private surety bonds. It’s that simple.

How can CDARS help you?
Specific assets of CDARS make the service especially valuable. They include:

  • Earn CD-level returns which may compare favorably with those associated with Treasuries, money market funds and other high quality and fixed-income investments.
  • Enjoy the time-saving conveniences associated with one agreement, one interest rate, and one regular statement.
  • Eliminate the need to track changing collateral values (for collateralized deposits).
  • Take advantage of a convenient alternative to commercial paper, money market mutual funds, and sweep accounts.