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Customers who use CDARS only deal with one local bank, rather than many banks across the network.

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FDIC Insurance Coverage

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the United States government to maintain stability and public confidence in the nation’s financial system. The FDIC protects depositors against the loss of their insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

If a depositor’s accounts at one FDIC-insured bank or savings association total $250,000 or less, the deposits are fully insured. A depositor can have more than $250,000 at one insured bank or savings association and still be fully insured provided the accounts meet certain requirements. In addition, federal law provides for insurance coverage of up to $250,000 for certain retirement accounts.

No one has ever lost a penny of deposits insured by the FDIC. If you are concerned about the safety of your money, talk to us to get the straight facts. We’ll show you how to take full advantage to maximize your insurance coverage, including the CDARS advantage.

CDARS (Certificate of Deposit Account Registry Service)

FDIC Insurance up to $50 million Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS network where they issue CDs in amounts under $250,000; therefore, your entire investment is FDIC insured.
One Bank Everything is handled through our bank.
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 CDs and one 1099 at year end.
Time your maturities to fit your personal or business cash flow. Terms range from 4 weeks to 5 years.

Any organization, business or individual who wants to combine the convenience of working with a single bank will benefit from CDARS. Some of the more common customers who take advantage of CDARS include 1031 exchanges, churches, non-profits, trusts and accountants.

For more information, contact Main Bank at (505) 880-1700 or contact us at


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