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CDARS meaning in Banking ?

Answer» What is Certificate of Deposit Account Registry Service mean?

The Certificate of Deposit Account Registry Service (CDARS), is a US for-profit service that breaks up large deposits (from individuals, companies, nonprofits, public funds, etc.) and places them across a network of more than 3000 banks and savings associations around the United States. This allows depositors to deal with a single bank that participates in CDARS but avoid having funds above the Federal Deposit Insurance Corporation (FDIC) deposit insurance limits in any one bank.

reference
Full Form Category
Certificate of Deposit Account Registry Service Banking
Certificates of Deposit Account Registry Service General


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