High Balance CDs (CDARS)

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

Here’s How the Certificate of Deposit Account Registry Service (CDARS) Works1

One Bank

We handle 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.

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. Funds in excess of $250,000 on deposit at one financial institution, even temporarily, are subject to deposit insurance coverage limits. Peanlties apply for early withdrawal. Fees may reduce earnings. Minimum to earn interest is $100,000.