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Certificate of Deposit Account Registry Program® (CDARS®)

One Bank.  One Rate.  One Statement.

Looking for a way to keep large deposits safe?  Tired of running from bank to bank for FDIC insurance for your CDs?  CDARS is a great solution for individuals, businesses, nonprofit organizations and public fund managers. 

With CDARS you can access FDIC protection for up to $50 million on your CD investments with BankAnnapolis.   

Why CDARS?

  • Safety -  funds are placed in CDs that are issued by FDIC-insured banks; your large deposits are eligible for up to $50 million in FDIC insurance.
  • Convenience - you can manage all of your investments through a single relationship
  • Security - your transaction is managed by the people you know and trust at BankAnnapolis. 
  • CD-Level Rates - your money earns CD-level rates which may compare favorably with other investment alternatives including Treasuries and money market mutual funds.

How Does CDARS work?

We are a member of a special network of over 2,100 FDIC insured banks.  This network allows depositors to place large CD deposits with us and we place your funds into CDs issued by other banks in the network.*  Total deposits are generally split up into CDs in amounts less than $100,000 to ensure that both principal and interest are eligible for full FDIC insurance.  As a result, you can receive coverage from many banks while working with just one.

Check current CDARS rates.

* Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with BankAnnapolis.  The agreement contains important information and conditions regarding the placement of funds by us.

 
To learn more about how our savings options can help you reach your financial goals, send us an e-mail, just drop by or call your local branch and ask. (By the way, switching accounts to BankAnnapolis is easy. We do all the work!) Check current CDARS Rates.