Certificate of Deposit Account Registry Service®


CDARS®, the Certificate of Deposit Account Registry Service®, is the easiest, most convenient way to access FDIC insurance on large deposits.

One Bank
Everything is handled through Capitol Federal®. 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 investment is eligible for FDIC protection. By working directly with just one bank — Capitol Federal — you can receive insurance through many. 

One Rate
You earn one rate per maturity 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, and other details. With CDARS, there’s no need to manually consolidate statements or track collateral values on an ongoing basis.

How Can CDARS® Help You?

•    Earn CD-level returns, which may compare favorably with those of Treasuries and other high-quality investments.*

•    Satisfy requirements for insured deposits.

•    Enjoy the time-saving conveniences associated with one relationship, one interest rate per maturity, and one regular statement.

•    Eliminate the burden of ongoing collateral tracking.

•    Avoid having uninsured deposits to footnote in financial statements.

•    Make the full amount of deposit available for lending in the local community.**

How Does CDARS® Work?

•    You enter into one Deposit Placement Agreement.

•    You sign one simple CDARS® Deposit Placement Agreement with us.

•    You select an interest rate and a maturity from our offering.

•    Based on our current CD options, you agree to a rate and a maturity that best match your investment goals.

•    Funds are deposited.

•    Using CDARS, we submit your funds for placement at member banks.

•    CDs are issued.

•    Member banks issue CDs in denominations under the FDIC maximum, so your investment is eligible for FDIC coverage.

•    Confirmation is received.

•    You receive written confirmation of your deposits and a listing of all of your CDs.
*Consult with your account manager or one of our customer service representatives regarding available rates.

**When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

Placement of funds through the CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before CDARS settlement for a deposit or after CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of CDARS satisfies those restrictions. CDARS, Certificate of Deposit Account Registry Service, and One Bank One Rate One Statement are registered service marks of Promontory Interfinancial Network, LLC.