Business Banking

CERTIFICATE of Deposit Account Registry Service (CDARS)

CDARS is a network of reliable financial institutions working together to provide their customers the security of FDIC insurance on investments greater than FDIC's standard maximum coverage of $250,000. Like traditional CDs, you can choose from a variety of maturities, ranging 4 weeks to 5 years, and you have the option to ladder your CDs to maximize return.

Here's how CDARS works:

  • You sign one simple Deposit Placement Agreement with us, and make a single $250,000+ investment
  • You choose the interest rate and maturity that serve you best
  • Your money is divided into amounts less than $250,000 and placed with other FDIC insured CDARS financial institutions
  • Each financial institution issues a CD at your chosen interest rate and maturity
  • You enjoy the convenience and friendly service of your personal banker, and you only receive one statement detailing your CDs