CDARS

Certificate of Deposit Account Registry Service (CDARS) is a service that manages large deposits (from individuals, companies, nonprofits, public funds, etc. on an account with funds in excess of $250,000) and places them across a network of more than 3,000 banks and savings associations around the United States. This allows depositors to deal with a single bank that participates in CDARS but avoid having funds above the Federal Deposit Insurance Corporation (FDIC) deposit insurance limits in any one bank. For more information about CDARS, contact a Relationship Banker at 630-773-0350.