CDARS®- Certificate of Deposit Account Registry Service

Looking for a way to keep large deposits safe?  Ask us about CDARS®.  It's a great solution for: individuals, businesses, nonprofit  organizations, trustees, CPAs, financial planners, and attorneys.

CDARS is the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000. 


With help from CDARS, you can access:

 FDIC Insurance - Your money can access multi-million dollar FDIC insurance coverage.

  • One Bank - You work directly with Citizens Community Bank - your bank.
  • One Rate - You earn one interest rate on your CD investments through CDARS.
  • One Statement - You receive a monthly statement detailing all of your CD investments.
  • No Fees - There are no hidden fees of any kind. We do not charge transaction fees or annual fees for using the CDARS service.

 How does CDARS work?

We are a member of a special network.  When you place a large amount with us, we place your funds into CDs issued by other banks in the same network - in increments of less than the standard FDIC insurance maximum - so that both principal and interest are eligible for complete FDIC protection.  As a result, you can receive coverage from many banks while working with just one.

 These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank.  As a result, we can make the full amount of your deposit available for community lending purposes.  

 What else should I know?

Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements.  This reduces your administrative burden, especially during tax and financial reporting seasons. 

 Of course, your confidential account information remains protected. 

 Ask us about how CDARS can work for you the next time you visit one of our branches, or contact us through our website for more information.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.