How Can CDARS Help You?

Any organization or individual can benefit from CDARS. Specific aspect of CDARS make the service especially valuable. They include:

INDIVIDUAL SAVERS AND INVESTORS

• Earn CD-level returns which may compare favorably with those associated with money market funds and other fixed-income investments.¹
• Capitalize on the time-saving conveniences associated with easy, consolidated statements.
• Enjoy the peace of mind associated with access to full FDIC insurance on your CDs.
• Make large, FDIC insured deposits without running around town to open accounts at multiple banks and without opening accounts under various names.

 

ADVISORS OF ALL TYPES: Trustees, Trust Officers, Lawyers, Accountants, Financial Advisors/Planners, and Other Fiduciaries

• Consolidate each client's large-dollar deposits into one regular account statement.
• Consolidate each client's interest disbursements.
• Eliminate each client's need to track changing collateral values (for collateralized deposits).
• Help each client avoid the hassles associated with directly managing multiple bank relationships.

 

BUSINESSES

• Earn CD-level returns which may compare favorably with those of Treasuries and other high quality investments.¹
• Enjoy the time-saving conveniences associated with one agreement, one interest rate, and one regular statement.
• Eliminate the need to track changing collateral values for collateralized deposits).
• Take advantage of a convenient alternative to commercial paper, money market mutual funds, and sweep accounts.

 

NON-PROFIT AND PUBLIC FUNDS²

• Satisfy your requirement for fully-insured deposits.
• Enjoy the time-saving conveniences associated with one agreement, one interest rate, and one regular statement.
• Eliminate the need to track changing collateral values for collateralized deposits).
• Make the full amount of your deposit available for community lending purposes.³
• Earn CD-level returns which may compare favorably with those of Treasuries and other high quality investments.¹
• Avoid the need to footnote uninsured deposits in financial statements.⁴

 

¹Consult with your local bank manager or CDARS representative regarding rates.

²If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether placement of your funds through CDARS satisfies those restrictions.

³Because deposited funds are exchanged on a dollar-for-dollar basis with other banks in the network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors' local investment goals/mandates. Alternatively, with a depositor'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.

⁴Please consult with your auditor to determine how CDs should be reported. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are service marks of Promontory Interfinancial Network, LLC.