IntraFi® Certificate of Deposit Account Registry Service (CDARS®)
Gain Access to Multi-Million-Dollar FDIC Insurance on Your Savings with CDARS®
CDARS® is a unique and powerful financial tool that allows you to enjoy the security of large, FDIC-insured deposits while maximizing your returns with the convenience of a single bank relationship. The CDARS program is available for customers with uninsured deposits at First State.
How does CDARS work?
When you place your funds with the CDARS network, your deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed into CDs with the same terms at other FDIC-insured banks that also participate in the CDARS network using a reciprocal placement agreement. You’ll receive just one monthly statement detailing all your placements.
Why choose CDARS?
Safety and Security: With CDARS, your funds are distributed across multiple banks within our extensive network, ensuring that each deposit is FDIC-insured up to the maximum limit. This means you can relax, knowing that your money is not only safe but also working hard for you.
Convenience: Say goodbye to the hassle of managing multiple accounts. CDARS simplifies the process by consolidating your deposits into a single account at First State Bank Nebraska, giving you a streamlined and convenient experience.
Competitive Rates: Enjoy competitive interest rates that rival or surpass those offered by traditional savings accounts. Watch your money grow effortlessly while taking advantage of the safety net provided by FDIC insurance.
Flexibility: Choose from a range of CDARS options, including various terms and deposit amounts. Whether you’re saving for a short-term goal or securing your financial future, CDARS offers the flexibility to align with your unique needs.
Support your community – Feel good knowing that the full amount of your funds placed through CDARS can stay local to support lending opportunities that build a stronger community.
Contact your local branch to get started!