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CDARS®

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CDARS®

Bigger businesses looking to invest amounts above the standard FDIC insurance maximum will appreciate the security and convenience they can enjoy through the Certificate of Deposit Account Registry Service®.

Through CDARS, depositors can access multi-million-dollar FDIC insurance coverage on their CD deposits.

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Summary
  • Access to multi-million-dollar FDIC insurance coverage
  • CD level interest rates
  • Various terms available
  • One statement
  • Reduced administrative burden

Limits apply. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Suburban Bank & Trust. The agreement contains important information and conditions regarding the placement of funds by us.

CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.

How does CDARS work?

Everything is handled through our bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then, those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank - SBT - you can receive insurance through many.

Limits apply. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Suburban Bank & Trust. The agreement contains important information and conditions regarding the placement of funds by us.

CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.