Certificate of Deposit Account Registry Service, or CDARS® is the smartest, most secure and convenient way for customers to invest large deposits in FDIC-insured CDs. This service offers:
- CD-level returns
- Access to multi-million dollar FDIC insurance
- Freed-up time/significantly less paperwork
- The ability to support local communities
It's especially attractive for public fund managers as it allows you to place all of your funds with one institution without having to keep track of several different statements and rates.
One Bank, One Rate, One Statement
Working through Citizens National Bank, your large deposits are broken into smaller amounts and placed with other banks in a network of FDIC-insured institutions. Using the CDARS service, those member banks issue CDs in amounts under $100,000, so your entire investment is eligible for FDIC insurance. You'll get the same CD-level rate for your entire deposit and you'll receive just one regular statement from us.
Community Investment
Feel good knowing that the full value of your money stays local to support lending opportunities that build a stronger community; with CDARS, you invest not just in CDs, but in your own backyard.Maturities
There are six choices for your convenience:- 4 weeks
- 13 weeks
- 26 weeks
- 52 weeks
- 2 years (104 weeks)
- 3 years (156 weeks)
- 5 year (260 weeks)
*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 registered service marks of Promontory Interfinancial Network, LLC.
