Additional Services

CDARS® FDIC Insurance

Start the Process Today

Achieve full FDIC coverage through CD investments.1

Sign up today to earn CD-level interest and enjoy the peace of mind associated with access to multi-million-dollar FDIC insurance coverage, along with the time-saving conveniences and other advantages of the CDARS service.

Here’s how:

CD-Level Returns

You can earn rates that historically have compared favorably with other investment alternatives, including U.S. Treasuries and money market funds.

One Bank

You work directly with just us – the bank you know and trust – to make large deposits eligible for FDIC insurance. With CDARS, you can avoid the hassle of opening accounts at different banks in different insurable capacities.

One Rate

You earn one interest rate per maturity on your CD investments through CDARS. With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD.

One Statement

You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.

No Fees

You pay no hidden fees of any kind. We do not charge annual fees, subscriptions fees, or transaction fees for using the CDARS service; the rate you see is the rate you get.

More Free Time for You

By making your CDARS deposits eligible for multi-million-dollar FDIC protection, you can eliminate the time-consuming task of tracking collateral values on an ongoing basis (if you are accustomed to doing so).

A Wide Variety of Maturities is Available

You can select from various maturities – ranging from 4 weeks to 5 years (260 weeks) – and choose the terms that best suit your investment needs. Also, you can ladder your CDs or combine maturities to create the equivalent of a customized term.

Community Investment

Your funds can support lending initiatives, including special development projects that strengthen the local community.2

The Difference between ICS and CDARS

ICS:  If you have a balance in your account that fluctuates, you can use ICS to sweep the funds to an ICS account for additional coverage above the FDIC’s $250,000 insurance coverage. With an ICS, you can move your money in and out as you determine. Learn more about ICS here.

CDARS or a certificate of deposit account registry service allows you to invest your money into a certificate of deposit for a period of time (also, known as a term). The CD earns interest at a fixed rate for the full term and the money cannot be moved or withdrawn until that term has ended.

  1. Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARSDeposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us.

  2. When funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of deposits placed through CDARS for local lending, which may satisfy some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, we may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending. Sunrise Banks is Member FDIC. CDARS is a registered service mark of Promontory InterfinancialNetwork, LLC. 02/12