CDARS for Banks
A VERSATILE PROFIT-BUILDING SERVICE
Watch a brief overview video
CDARS® is a versatile, profit-building service that thousands of banks use to:
- Build valuable, loyal relationships by offering customers access to multi-million-dollar FDIC insurance on their CD investments (with or without adding deposits to a bank’s balance sheet)
- Reduce higher-cost funding, including collateralized deposits, Internet listing service deposits, and wholesale funding purchases
- Tap cost-effective, fixed- or floating-rate funding for short or long terms without collateralization
CDARS OFFERS BANKS MULTIPLE OPTIONS FOR BALANCE SHEET MANAGEMENT
CDARS provides a range of options—CDARS Reciprocal, CDARS® One-Way Sell®, and CDARS® One-Way Buy®—that a bank can utilize to help grow and manage its balance sheet as its liquidity needs change.
High Marks for CDARS
In a recent survey of Promontory Network members conducted with help from a third-party provider, more than 80% of respondents identified CDARS as “key” to their growth. What’s more, 100% of respondents said they were satisfied with their CDARS experience (with 98% reporting above-average satisfaction). Read testimonials about what bankers and depositors say about their success using the service.
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, One-Way Sell, and One-Way Buy are registered service marks of Promontory Interfinancial Network, LLC.