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    Thousands of financial institutions use CDARS®, the Certificate of Deposit Account Registry Service®, to increase profitability and franchise value. With CDARS, financial institutions can grow valuable relationships by offering access to FDIC insurance beyond $250,000 (with or without keeping the underlying deposits on balance sheet), manage liquidity, replace higher-cost funding, and reduce collateralization requirements.

    CDARS is endorsed by the American Bankers Association and enjoys strategic marketing alliances with key trade associations across the country.


    Financial institutions that offer CDARS are members of the Promontory Network. When a Network member places a deposit using CDARS, that deposit is divided into amounts under the standard FDIC insurance maximum ($250,000) and is allocated among member banks, making the large deposit eligible for FDIC insurance. As a result, customers can access coverage from many institutions while working directly with just one and receiving just one regular statement from the relationship institution.

    How ICS Works graphic depicts a customer who has or sets up a transaction account with a Promontory Network member, signs the agreements, and deposits funds. Deposits are then sent to deposit accounts at other member institutions in amounts under the standard FDIC insurance maximum of $250,000. The customer communicates directly with just one institution and receives one monthly statement.

    With CDARS, financial institutions can use deposits to fund local lending or sell the underlying funding (not the customer relationship) to Network banks that need funding. Financial institutions that offer CDARS set their rates and own the customer relationship.

    Learn why CDARS is a valuable service for banks, brokerage firms, and other cash managers, such as trusts and wealth managers

    CDARS for Banks CDARS for Brokerage Firms CDARS for Cash Managers

    For frequently asked questions about CDARS, visit CDARS FAQs.

    Use of the CDARS service is subject to the terms, conditions, and disclosures set forth in the CDARS-ICS Participating Institution Agreement and the applicable Deposit Placement Agreement. Limits apply. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.