How CDARS Can Work for You
Multi-Million-Dollar FDIC Insurance.
No Ongoing Collateralization
By making you CDARS deposits eligible for multi-million-dollar FDIC protection, you can reduce the time-consuming task of tracking collateral values on an ongoing basis.
A Wide Variety of Maturities.
To learn more, contact your account manager or customer service representative. Sign up today and enjoy the peace of mind associated with access to multi-million-dollar FDIC insurance coverage, along with the time-saving conveniences and other advantages of the CDARS service.
1 Limits Apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of fund by us.
2 When funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of deposits placed through CDARS for local lending, which may satisfy some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, we may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.