CDARS (Certificate of Deposit Account Registry Services)
CDARS is a convenient solution for large-balance depositors - public funds, non-profits, businesses, and individuals -seeking full FDIC coverage.
If you have a deposit over $100,000 and want the safety of FDIC insurance, consider the advantages of CDARS. We place your funds in CDs issued by other banks in the CDARS network in amounts less than $100,000 to ensure full FDIC insurance coverage on your principal and interest.
- Extended FDIC coverage. Your total balance over $100,000 - as high as $1 million or more - can be FDIC-insured.
- Simplified account management: Save the time and expense of negotiating, tracking, and managing CDs at multiple banks. Sign one agreement and receive consolidated statements.
- Competitive Interest Rate: Rates available through CDARS compare favorably with other high-quality, fixed-income investment returns.
Contact any Eastwood Bank Personal Banker about CDARS.