CDARS

Our local Cash Management team can help protect your large-dollar investments with a Certificate of Deposit Account Registry Service® (CDARS®). Learn more about how we can tailor this solution to your business’s unique needs.

Contact Us to Get Started

CDARS® & ICS (Insured Cash Sweep)

FDIC insurance covers deposits up to $250,000.  When your coverage needs exceed this amount, you require a solution that can accommodate your business’s requirements without complicated administration.

Mid Penn Bank offers the Certificate of Deposit Account Registry Service® (“CDARS®“) to accommodate your needs.  Through this program, the business’s money is placed among a network of other FDIC insured partner-banks keeping the total balance, including interest earned, below the insurance limits for absolute protection.  This offers a single point of service—one interest rate, one maturity date, one statement – for each CDARS® placement regardless of balance.

CDARS® is the perfect solution for many different types of entities, from non-profits and public funds to businesses, advisors (including trustees, CPAs, financial planners, and lawyers), and individuals.  CDARS® protects large-dollar investments while earning CD-level returns.

If you anticipate your business needing expanded FDIC insurance coverage, we strongly recommend you talk to our team about CDARS®.  Learn more about how we can tailor this solution to your business’s unique needs.  Contact us today.

 

Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS® and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.

Contact Us