CDARS
CDARS

CDARS

Large depositors can access security and convenience while enjoying CD-level returns. Bank2 can provide access to multi-million-dollar FDIC insurance through one easy-to-manage relationship with us.

Gain peace of mind with the Certificate of Deposit Account Registry Service® today.

Summary
  • Access to multi-million-dollar FDIC insurance
  • One bank relationship for all CDs placed through CDARS®
  • Guaranteed rate of return
  • Flexible maturity periods available
  • Simplified funds management and tax reporting
  • Single monthly statement with detailed reporting

Limits apply. 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.

How It Works

Everything is handled through Bank2. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then, those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank - our bank - you can receive insurance through many.

You no longer have to manage multiple bank relationships, organize disbursements from various sources, or manually consolidate statements. Through a single banking relationship, you will reduce your administrative burden significantly, especially during tax and financial reporting seasons.

CDARS creates simplicity...and a solid source of earnings.

Limits apply. 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.

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