Other Services » CDARS


One Bank
Access multi-million-dollar FDIC
insurance coverage by working
directly with just us - the bank 
you know and trust.
One Rate
Earn one rate for each CD 
maturity and enjoy the option 
of reinvesting funds through
a simple process.
One Statement
Receive one easy-to-
read statement from our
bank summarizing all of 
your CD holdings.

Access Multi-Million Dollar FDIC Insurance


How does CDARS work?

We are part of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the CDARS Network – in increments of less than the standard insurance maximum – so that both principal and interest are eligible for FDIC protection. As a result, you can receive coverage from many banks while working directly with just one.

What else should I know?

CDARS can significantly reduce your administrative burdens, especially during tax and financial reporting seasons; there’s no need to manually consolidate statements or interest disbursements or to calculate blended rates. Additionally, with CDARS, you can say “goodbye” to surety bonds, reduce collateralization requirements (like monitoring changing collateral values on a recurring basis), and forego opening accounts at different banks in different insurable capacities. All of this can save you time and money.

As always, your confidential information remains protected.

More CDARS information.

Call Sterling Bank today!