CDARS

CDARS — Simplify Managing Multi-Bank Deposits While Maximizing Security

Certificate of Deposit Account Registry Service (CDARS) is a service that manages large deposits (from individuals, companies, nonprofits, public funds, etc. on an account with funds in excess of $250,000) and places them across a network of more than 3,000 banks and savings associations around the United States. This allows depositors to deal with a single bank that participates in CDARS but avoid having funds above the Federal Deposit Insurance Corporation (FDIC) deposit insurance limits in any one bank. No matter how much you plan to grow in the years ahead, you can feel confident that your company is in good hands with funds spread across multiple interest-bearing accounts. And with Itasca Bank & Trust Co. as your custodian, you know exactly what's happening with your money at all times.

For more information about CDARS, contact a Relationship Banker at 630-773-0350.