Any organization or individual who wants to combine the convenience of working with a single bank with the security of FDIC insurance can benefit from CDARS.

What is CDARS?

CDARS® is the Certificate of Deposit Account Registry Service. And it's the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000.

Why is that?

One Bank

Everything is handled through MarkleBank. Your large deposit is broken into smaller amounts and place with other banks that are members of a special network. Then, those banks issue CDs in amounts under $250,000, so that your entire investment is eligible for FDIC insurance. By working with just MarkleBank, you can receive insurance from many.

One Rate

You earn one rate on your entire investment –so you can forget about multiple rates and the need to consolidate multiple disbursement checks.

One Statement

You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, there's no need to manually consolidate statemetns, track changing collateral values, or use private surety bonds.

It's that simple.

How Does CDARS Work?

1.  You enter into one agreement. You sign one simple Deposit Placement Agreement with us.

2.  You select an interest rate and a maturity. Based on our current CD options, you decide on a rate and a maturity that best matches your investment goals.

3.  Funds are deposited. Using CDARS, we submit your funds for placement at member banks.

4.  CDs are issued. Member banks issue CDs indenominations under $250,000, so your entire investment is eligible for full FDIC insurance coverage.

5.  Confirmation is received. You receive written confirmation of your deposits and a listing of all of your CDs.

That's it! Using CDARS is just that easy.