CDARS® Service

Elevate your financial peace of mind

Every situation is different, and when you need access to broader FDIC coverage, we're pleased to offer a solution. That solution is the CDARS1 service and access to FDIC coverage on millions in deposits. As part of the CDARS network of banks, we'll distribute your funds into CDs at other banks in the network. The results for you include FDIC coverage on multi-million dollar deposits, as well as the added convenience of working only with us.

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Rates & Funding Limits

By following the guidelines established by CDARS, you can access FDIC coverage on multi-million dollar deposits.

All interest rates, Annual Percentage Yields (APYs) and Monthly Maintenance Fees are accurate as of 5/25/2018 12:00:00 AM.

Term APY* Funding Limit*
3 month 1.01% $12.5M
6 month 1.18% $12.5M
1 year 1.92% $12.5M
2 year 2.05% $2.5M
3 year 2.12% $1M

* APYs available for balances up to $5 million.1

Getting Started

Getting started is simple. Before you can deposit your money, you'll be asked to provide us with a couple of things, including a list of banks where you currently hold deposits (this helps you avoid exceeding the standard FDIC insurance amount at any bank) and a signed CDARS Deposit Placement Agreement.

Your one banking relationship

While your deposits will be distributed among other CDARS banks, you'll work directly with us. We'll be your one source for consolidated statements and year-end tax forms. We'll also be the one who returns your principal and interest earnings to you at maturity.

Funding Deadlines

Take note of the following funding deadlines, which are specific to the source of your funds.1

funding source and respective deadlines
Source of funds Deadline to fund
Check 5 pm ET, Friday prior to account opening date
Wire transfer 12 pm ET, Wednesday prior to account opening date
Existing EverBank account 12 pm ET, Wednesday prior to account opening date (adequate funds must be available in source account)

Rollover Info

Maturity Alert

Maturity alerts will be sent 15 days prior to the CD maturity date.

No Automatic Rollovers

Since there are no automatic rollovers with CDs placed through CDARS, you'll need to contact us directly to request a rollover.

Rollover Requests

Importantly, all rollover requests must be received by 9 pm ET on the Tuesday prior to your maturity date. Requests may be sent to us by any of the following methods.

877.790.8967 from 8 am to 9 pm ET (weekdays only)
EverBank, 11 Oval Dr., Suite 107, Islandia, NY 11749
secure email*
Sign on to your account. Under the Service tab, choose 'Contact Us.'

*Be sure to include with your request 1) account holder name, 2) the last 4 digits of your account number and 3) CD maturity date. Fax and email requests must also include your security code.