CDARS stands for "Certificate of Deposit Account Registry Service."
From the Website: www.cdars.com
CDARS for Individuals
With CDARS, banks can offer you up to $50 million in Federal deposit insurance coverage. So you can manage all of your CDs through a single bank, without hassle.
With CDARS, you get One Bank, One Rate, One Statement
With CDARS, you can say “goodbye” to running around town to multiple banks. No more opening up multiple title accounts in different rights and capacities of family members to maximize FDIC insurance at one bank. There also is no need to manually consolidate account statements or interest disbursements, which frees up your valuable time. You can enjoy the peace of mind associated with access to full FDIC insurance on your CDs. You’ve worked hard for your money. Now, let it work hard for you. As always, your confidential information remains protected.
- One Bank: Investors can access multi-million dollar FDIC insurance coverage by working with just one bank — the bank they know and trust.
- One Rate: Investors negotiate one rate for each CD maturity and enjoy the option of reinvesting them through a simple process.
- One Statement: Investors receive one easy-to-read statement summarizing all of their CD holdings.
Institutions Offering CDARS by State