Enjoy peace of mind with full FDIC protection on your high-dollar deposits. CDARS distributes your funds over $250,000 into CDs across different financial institutions.
HOW CAN CDARS HELP YOU?
You enter into one Deposit Placement Agreement.
You sign one simple CDARS Deposit Placement Agreement with Us.
You select an interest rate and a maturity from our offering.
Based on our current CD options, you agree to a rate and a maturity that best match your investment goals.
Funds are deposited.
Using CDARS, we submit your funds for placement at member banks.
CDs are issued.
Member banks issue CDs in denominations under the FDIC maximum, so your investment is eligible for FDIC coverage.
Confirmation is received.
You receive written confirmation of your deposits and a listing of all of your CDs.
Placement of funds through the CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement ("DPA"). Limits apply. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA"), a depositor's balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before CDARS settlement for a deposit or after CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of CDARS satisfies those restrictions. CDARS, Certificate of Deposit Account Registry Service, and One Bank One Rate One Statement are registered service marks of Promontory Interfinancial Network, LLC
Cash management today: safe, simple, smart.
With IntraFi Cash ServiceSM, ICS, you can enjoy the safety and simplicity that comes with access to multi-million-dollar FDIC insurance through a single bank relationship.
How does ICS work?
We, like other institutions that offer ICS, are members of the IntraFi network. When we place your deposit through ICS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The amounts are then placed into deposit accounts at multiple FDIC insured banks. As a result, you can access FDIC coverage from many institutions while working directly just with us. Receive one statement from our bank and access key details about your accounts online, 24/7.
And, as always, know that your confidential information is protected.
Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA") at any one destination bank, a depositor's balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFiNetwork LLC.