CDARS® is a great solution for individuals, businesses, non-profit organizations, and public entities to keep your large deposits safe.. It provides FDIC protection for your CD deposits above the $250,000 maximum by issuing them through a network of banks. This is known as the Certificate of Deposit Account Registry Service® or CDARS®.
How CDARS® Works:
When you place a large deposit with us, we place your funds into CDs issued by other banks in the same network – in increments less than $250,000 – which allows both the principal and interest to be eligible for complete FDIC protection.
You are able to insure your entire deposit by receiving coverage from multiple banks while only working with Voyager Bank.
The CDARS® program is convenient: One Bank, One Rate, One Statement® from Voyager Bank.
To learn more about CDARS®,
Contact a Voyager Banker to learn more about how you can benefit from the CDARS® program.
CDARS® is a registered service mark of Promontory Interfinancial Network, LLC. Funds may be submitted for placement only after a depositor enters into the CDARS® Deposit Placement Agreement with Voyager Bank. The agreement contains important information and conditions regarding the placement of funds by us. This benefit applies to some, but not all types of CDARS® transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.
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