• Access to FDIC insurance coverage on millions in deposits1
  • No setup charges
  • 15-day maturity noticeThe maturity notice will be sent to you through U.S. mail.
  • Multiple bank coverage with EverBank
  • $10,000 to open

Every situation is different, and when you need expanded FDIC insurance coverage, we’re pleased to offer a solution as an Intrafi Network member. That solution is the CDARS CD account2 which has the potential to provide you access to FDIC insurance coverage on up to $50 million in deposits.1 Through the IntraFi Network, the funds you submit for placement in a CDARS CD with us are divided into amounts under the standard FDIC insurance maximum of $250K and placed into CDs at other banks in the network.3 The benefits for you include broader financial security and the added convenience of working with just one bank while still accessing coverage through multiple institutions.

*Funding limits above are per depositor, per term, per week, with an overall CDARS CD funding limit of $50M.1

New orders must be completed by the CDARS CD order date, typically Wednesday by 11 a.m. (ET).

Information to keep in mind

  1. CDARS has an overall funding limit per depositor of $50 million. This overall funding limit includes all deposits placed in the CDARS product through any IntraFi network bank. This means that if you currently have a CDARS CD with another member bank, the amount of FDIC insurance coverage available to you via the network when opening a CDARS CD with us will be reduced by the amount you already have placed through the CDARS CD you have with the other bank.

  2. The quoted CDARS® CD Annual Percentage Yields (APYs) are accurate as of 09/15/2023 and assume that interest remains on deposit until maturity. APYs may change prior to account opening. The following funding limits apply per depositor, per CD term, per week, up to an overall funding limit through CDARS of $50 million: CD terms of 3 months are limited to $10M per week. CD terms of 6 months are limited to $10M per week. CD terms of 1 year are limited to $10M per week. CD terms of 2 years are limited to $1M per week. CD terms of 3 years are limited to $0.5M per week. Early withdrawal penalties apply. Fees may reduce earnings. A minimum deposit of $10,000 is required to open the CD. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. This agreement contains important information and conditions regarding the placement of funds by us. CDARS CDs are not funded and opened ("Placed") immediately. Deposits above single institution FDIC insurance limits will not benefit from higher insurance protection until the deposit is Placed. The date your funds are received sets the earliest time your deposit can be Placed. CDARS CDs are Placed each week on Thursdays or the first Business Day thereafter. See the CDARS Deposit Placement Agreement for details. CDARS is a registered service mark of IntraFi Network LLC.

  3. Deposit placement through CDARS is subject to the terms, conditions, and disclosures in applicable agreements, including our CDARS Deposit Placement Agreement. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, if you have existing deposit balances at other IntraFi network banks, your balances with those banks may exceed the SMDIA as a result of the placement. You may exclude banks from eligibility to receive your funds to avoid this. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Additionally, your balances with us may exceed the SMDIA for a period of time (e.g., before settlement for deposits or after settlement for withdrawals). You are responsible for making any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS satisfies any restrictions on your deposits. IntraFi and CDARS are registered service marks of IntraFi Network LLC.