CDARS

CDARS is the Certificate of Deposit Account Registry Service. It’s the easiest and most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000. Everything is handled through German American State Bank.

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

  • Interest/Dividends above standard savings, which may compare favorably with other investment alternatives
  • Greater security; multi-million dollar FDIC insurance coverage
  • Convenience; everything is managed by the CDARS program:
    • One interest rate
    • One regular statement
    • One year-end tax form
  • Flexible maturity periods available
  • Helps support lending opportunities within your local community

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