CDARS® Network CD Program

If you’re looking to invest larger sums of money – with the protection of FDIC insurance – the Certificate of Deposit Account Registry Service (CDARS)† Network program may be just the tool you need.

With CDARS, you can purchase more than $250,000†† in CDs at Merchants Bank and still be eligible for FDIC coverage.

The program works by breaking down your investment among CDARS Network institutions, which issue CDs in smaller denominations. Those smaller CDs are eligible for FDIC insurance – and as a result, your entire investment is covered. Member banks issue CDs in denominations under $250,000 so your entire investment is eligible for full FDIC insurance.

Best of all, CDARS is easy to use. You only have to sign one agreement with Merchants Bank and decide on one rate and maturity – which applies to your entire investment. You receive one regular statement listing all your CDs, interest earned, maturity dates and more.

Contact your local branch for more information about CDARS and CDARS rates.

View all deposit rates.

†CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
††$100,000 minimum balance to participate