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  • Why CDARS®?

  • How can deposits greater than the standard FDIC insurance maximum ($250,000) be insured by the FDIC?

  • Who has custody of my funds?

  • How can my funds be used locally if my CDs are issued by financial institutions all over the country?

  • Is my account information safe?

  • What happens if a CDARS Network member bank fails?



[1] Limits apply. Funds may be submitted for placement only after an investor enters into a CDARS Deposit Placement Agreement with our bank. This agreement contains important information and conditions regarding the placement of funds.

[2] If an investor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the investor to determine whether the placement of the investor’s funds through CDARS or a particular CDARS transaction satisfies those restrictions.

[3] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, our bank can use the full amount of a deposit placed through CDARS for local lending, satisfying some investors’ local investment goals/mandates. Alternatively, with an investor’s consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

[4] As reported by BNY Mellon in December 2011. Please see\foresight\readcounter.cfm?id=tl324&lb for details.

CDARS is a registered service mark, and Reciprocal is a service mark, of Promontory Interfinancial Network, LLC.