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CDARS is a convenient way to place your funds into certificates of deposit and enjoy full FDIC coverage on large deposits.
Everything is handled through one member bank. Your larger deposit is broken into smaller amounts and placed with other banks that are members of the CDARS network. Those members in turn issue CDs in amounts under the FDIC insurance maximum so that your entire investment is eligible for FDIC insurance
One rate is earned on your investment. No need to negotiate with multiple banks or multiple disbursement checks.
One statement that lists all your CDs, the banks that issued them, the maturity dates and interest earned. Recordkeeping is so simple now.
To speak to someone about CDARS, contact our banking specialists
at 877-362-0100 or contact us through our web site.
Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement. The agreement contains important information and conditions regarding the placement of funds by First National. CDARS and Certificate of Deposit Registry Service are registered trademarks of Promontory Interfinancial Network, LLC
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