CDARS®, the Certificate of Deposit Registry Service®, is
now available at Sutter Community Bank. CDARS® allows
an easy, convenient way to enjoy full FDIC insurance on
deposit amounts larger than $100,000.
How does CDARS® work? You bring your large deposit to
us. The money is then broken into smaller amounts and
placed with other banks that are members of a special
network. Those member banks issue CDs in amounts un-
der $100,000, so that your entire investment is eligible for
FDIC insurance. You earn one rate on your entire invest-
ment. You receive one regular account statement listing all
of your CDs, along with their issuing banks, maturity dates,
interest earned, and other details. It’s that simple!
HOW DOES CDARS® WORK?
You enter into one agreement with Sutter Community Bank,
signing one simple Deposit Placement Agreement.
You select an interest rate and a maturity.
Funds are deposited. Using CDARS®, we submit your funds
for placement at member banks.
CDs are issued. Member banks issue CDs in denominations
under $100,000 so your entire investment is eligible for full
FDIC insurance coverage.
Confirmation is received. You receive written confirmation of
your deposits and a listing of all of your CDs.