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Multi-million dollar FDIC insurance on CD investments.

What is CDARS?

CDARS is the Certificate of Deposit Account Register Service. And it’s the easiest, most convenient way to enjoy access to full FDIC insurance on large deposits. Why is that?

One Bank

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 entire investment is eligible for FDIC protection. By working with just one bank-our bank-you can receive insurance through many.

One Rate

You earn one rate on your entire investment-so you can forget about multiple rate negotiations and the need to consolidate multiple disbursement checks.

One Statement

You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, there’s no need to manually consolidate statements, track changing collateral values, or use private surety bonds. It’s that simple.


How does CDARS work?

When you’re ready to take advantage of CDARS here’s what happens:

  1. You enter into one agreement. You sign one simple Deposit Placement Agreement with us.
  2. You select an interest rate and a maturity. Based on your current CD options, you agree to a rate and a maturity that best matches your investment goals.
  3. Funds are deposited. Using CDARS, we submit your funds for placement at member banks.
  4. CDs are issued. Member banks issue CDs in denominations under the FDIC maximum, so your entire investment is eligible for full FDIC coverage.
  5. Confirmation is received. You receive written confirmation of your deposits and a listing of all of your CDS.
That’s it! Using CDARS is just that easy.

Want to learn more?

How can CDARS help you?

In short, any organization or individual who wants to combine the convenience of working with a single bank with the security of FDIC insurance can benefit from CDARS.

Individual Savers and Investors

  • Earn CD-level returns which may compare favorably with those associated with money market funds and other fixed-income investments.
  • Capitalize on the time-saving conveniences associated with easy consolidated statements.
  • Enjoy the peace of mind associated with access to full FDIC insurance on your CDs.
  • Make large deposits eligible for full FDIC coverage without running around town to open accounts at multiple banks and without opening accounts under various names.

Advisors of All Types: Trustees, Trust Officers, Lawyers, Accountants, Financial Advisors/Planners, and other Fiduciaries

  • Consolidate each client’s large-dollar deposit into one regular account statement.
  • Consolidate each clients interest disbursements.
  • Eliminate each client’s need to track changing collateral values (for collateralize deposits).
  • Help each client avoid the hassles associated with directly managing multiple bank relationships.


  • Earn CD-level returns with may compare favorably with those of Treasuries and other high-quality investments.
  • Enjoy the time-saving conveniences associated with one agreement, one interest rate, and one regular statement.
  • Eliminate the need to track changing collateral values (for collateralize deposits).
  • Take advantage of a convenient alternative to Treasuries, commercial paper, money market mutual funds, and sweep accounts.

Non-profits and Public Funds

  • Satisfy your requirements for fully-insured deposits.
  • Enjoy the time-saving conveniences associated with one agreement, one interest rate, and one regular statement.
  • Eliminate the need to track changing collateral values (for collateralize deposits).
  • Make the full amount of your deposit available for community lending purposes.
  • Earn CD-level returns which may compare favorably with those of Treasuries and other high-quality investments.
  • Avoid the need to footnote uninsured deposits in financial statements.
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The Federal Deposit Insurance Corporation (FDIC) has permanently increased deposit insurance on all accounts to $250,000 per depositor.

Parke Bank Routing Number: 031207814