Personal Checking

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:

  • everything is conveniently handled through our bank
  • sign one simple Deposit Placement Agreement with us, and make a single $250,000+ investment
  • 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
  • receive one statement detailing your CDs, along with the issuing banks, maturity dates, interest earned, and other details