CDARs Network
A network providing deposit placement services to maximize FDIC insurance coverage.
Overview
CDARs Network is a service that enables banks and financial institutions to offer their customers access to multi-million-dollar FDIC insurance coverage by distributing large deposits across a network of participating banks. This service helps institutions manage large deposits efficiently while maintaining compliance with FDIC insurance limits.
The network facilitates the placement and tracking of deposits, providing operational support and reporting tools to participating banks. It is designed to streamline deposit management and enhance liquidity options for banks and their clients.
CDARs Network operates as a cooperative platform connecting banks to optimize deposit distribution and risk management without requiring direct customer intervention.
Key Features
- + Multi-bank deposit placement to maximize FDIC insurance
- + Automated deposit tracking and reporting
- + Operational support for deposit distribution
- + Compliance with FDIC insurance limits
- + Liquidity management tools
- + Network access to multiple participating banks