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Certificate of Deposit Account Registry Service® 

   Take a look at a CDARS® Educational Video



A new service for large-deposit investors


A safe, convenient solution for large-deposit investors

Until now, there were only three ways an investor could enjoy full FDIC insurance on deposits larger than $100,000: open and maintain accounts with multiple banks, invest with one bank by transferring ownership and registering accounts in the names of family members or corporate affiliates, or work through a broker-dealer.


All that has changed

Through the Cerificate of Deposit Account Registry Servicesm (CDARSsm), large deposits can now be by a participating bank into smaller-denomination CDs at multiple institutions. This service can offer you significant benefits:


  • Safety of FDIC insurance for large deposits.
  • CD interest.
  • Management convenience.
  • Security of working with a trusted, local source.


Transactions through CDARS are processed quickly and easily

Interest is paid directly to you or to an account you designate. Each month, your bank will send you a statement listing all your CDs, the banks issuing the CDs, maturity date, interest earned and other details.


At the end of the year, your bank will send you a consolidated 1099 that reports your taxable interest income.


Other key benefits

By placing your funds through CDARS, you can earn income, preserve capital, access FDIC insurance on your total deposit, and benefit from the security that comes with a consistant banking relationship.


Through CDARS, specific advantages are offered to institutional and business customers.