Approximately 3,000 Promontory Network members can offer CDARS®. With CDARS, financial institutions can
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.
Purchase cost-effective wholesale funding at fixed rates
or floating rates, and without collateralization
or stock purchase requirements.
For banks wanting more information, watch the video, How Your Bank Can Use CDARS, or contact us at firstname.lastname@example.org.
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.
Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with a CDARS participating institution. The agreement contains important information and conditions regarding the placement of funds. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.