CDARS® is the Certificate of Deposit Account Registry Service®, the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000.footnote

Ready to apply? Questions?

Visit a Branch

Call us at 1.888.i bank mb  (1.888.422.6562) or contact us.

Get full FDIC coverage for deposits over $250,000 with the convenience of a single banking relationship.

Perfect for

Any organization or individual who wants the security of full FDIC insurance coverage for larger deposits. 


  • Make large, FDIC-insured deposits without managing accounts at multiple financial institutions
  • Lessen your paperwork. When you open a CDARS account, you get a consolidated new account confirmation statement listing all your CDs, the issuing banks, maturity dates, interest rates and other details. Prior to maturity and at tax time, you’ll also get consolidated notifications.
  • Enjoy the peace of mind associated with access to full FDIC insurance on all of your Certificates of Deposit.

Interest rates

Minimum $100,000 to open, daily compounding

Interest rates
Term Interest rate APYfootnote
13 weeks 0.010% 0.01%
26 weeks 0.050% 0.05%
1 year 0.150% 0.15%
2 years 0.300% 0.30%
3 years 0.399% 0.40%

* Annual Percentage Yields (APY) are current as of 02/05/2016

Interest for accounts with a term of less than 3 months will not compound and will credit at maturity. Interest for accounts with monthly interest distribution will not compound and will credit monthly. For all other accounts, interest is compounded and credited quarterly.

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Here’s how CDARS works

One bank

MB Financial Bank handles everything for you. Your deposit is broken into smaller amounts and placed with other banks in the CDARS network. Those banks issue CDs in amounts under $250,000 so your entire investment is eligible for FDIC insurance. You work with just one financial institution but with FDIC coverage insurance from many.

One rate

You’ll earn one rate on your entire investment, so there’s no need to deal with multiple rate negotiations or consolidate multiple disbursement checks.

One statement

You’ll receive one regular account confirmation statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, you won’t have to manually consolidate statements, track changing collateral values, or use private surety bonds.

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This product could be right for you if

You have a deposit amount over $250,000 and want the convenience of a single banking relationship.

Apply in person

Stop by one of our convenient banking centers located throughout Chicagoland and we’ll be happy to help you open your new MB account.

What's next?

Visit a BranchQuestions?

Call us at 1.888.i bank mb (1.888.422.6562) or contact us.

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1 Penalties apply for early withdrawal. Fees may reduce earnings. Minimum to earn interest is $100,000.

Certificate of Deposit Account Registry Service® (CDARS) is a service of Promontory Inter-Financial Network, LLC. Customer is required to list banks to exclude from investing funds at. Funds in excess of $250,000 on deposit at one financial institution, even temporarily, are subject to deposit insurance coverage limits. Back to top