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What is CDARS®?

CDARS® is the Certificate of Deposit Account Registry Service®.  And it’s the easiest, most convenient way to enjoy access to full FDIC insurance on large deposits. In short, any individual or organization who wants to combine the convenience of working with a single bank with the security of FDIC insurance can benefit from CDARS.


One Bank

Everything is handled through our bank.  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. 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.


For more information, contact Deb Walker (dwalker@hsbank.net) or Sue Podlesak (spodlesak@hsbank.net).               

115 W State St, PO Box 351
Jefferson, IA 50129
Ph. 515.386.2131 or 888.386.2131


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