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Home > Business > CDARS


The Certificate of Deposit Account Registry Service (CDARS) is an innovative service with significant advantages for depositors with more than $250,000 in cash or other assets. Depositors through Citizens State Bank can enjoy the following benefits of CDARS:

The safety of FDIC insurance for large deposits

Citizens will place your funds through CDARS, with deposits over $250,000 divided into smaller CDs at multiple institutions up to $50,000,000. This permits the full amount to be eligible for FDIC insurance.

Management convenience

You can manage all of your CD investments through Citizens up to $50,000,000.

CD interest rates

You agree to an interest rate with us for the CD maturity period you've selected. Rates will compare favorably with those of other high-quality, fixed-income investments.

No required collateral

Because your accounts are eligible to be insured by the FDIC, you don't need to monitor pledged collateral, as you would with uninsured deposits.

The security of working with a single trusted, local source

When you make a deposit through CDARS, you deal only with the people you know and trust here at Citizens State Bank. You can receive a single, consolidated, monthly statement summarizing your deposits. Your private information is protected and secure. You will also receive just one consolidated account statement and year-end 1099 tax summary.

Depositing through Citizens State Bank’s CDARS program is quick and easy. You select a maturity period and we will set the interest rate for your maturity. Then we place funds in CDs through our CDARS network where your money will be eligible for full FDIC insurance coverage.

Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are service marks of Promontory Interfinancial Network, LLC.

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