Overview

Approximately 3,000 Promontory Network members can offer CDARS®. With CDARS, financial institutions can

  • Expand their customer bases by offering alternative safe investments to customers.
  • Attract, grow, and retain customer relationships by providing customers with access to multi-million-dollar FDIC insurance (limits apply), and keep the funding or take the excess off balance sheet.
  • Attract "sticky" deposits in million-dollar increments.
  • Enhance profitability by reducing both customer acquisition and collateralization costs, as well as increasing net interest margins.
  • Manage liquidity by placing excess deposits with other Network members and earning fee income in the process.

For banks wanting more information, watch the video, How Your Bank Can Use CDARS, or contact us at contactus@promnetwork.com.

Visit the Testimonials page to see and hear what executives from members that offer CDARS say about the safe investments and other options offered by CDARS and the Promontory Network.

Visit the Newsroom and read about the multi-million-dollar FDIC insurance offered through CDARS and the Promontory Network in publications ranging from The Wall Street Journal to Money.

CDARS has earned the endorsement of the American Bankers Association through its affiliate, the Corporation for American Banking.