CDARS ® is the Certificate of Deposit Account Registry Service ®. And it's the easiest, most convenient way to enjoy access to full FDIC insurance on large deposits.

Why is that?

One Bank

Everything is handled through Sterling National Bank. 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 entire investment is eligible for FDIC protection. By working with just one bank-Sterling-you can receive insurance through many.

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 of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, there's no need to manually consolidate statements, track changing collateral values, or use private surety bonds.

You enter into one agreement.
You sign one simple Deposit Placement Agreement with us.

You select an interest rate and a maturity.
Based on our current CD options, you agree to a rate and a maturity that best matches 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 entire investment is eligible for full FDIC coverage.

Confirmation is received.
You receive written confirmation of your deposits and a listing of all your CDs.