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CDARS®

Certificate of Deposit Account Registry Service®

BankAtlantic is a member of a nationwide network of FDIC-insured financial institutions, allowing us to offer you the advantages of CDARS. When you deposit a large amount with us, we place your funds into certificates of deposit issued by other banks in the network - in increments of less than the FDIC limit* - so that both your principal and interest are eligible for FDIC protection.

CDARS Benefits

SafetyAccess up to $50 million in FDIC insurance coverage.

Convenience

  • Eliminate the need to manage multiple bank relationships.
  • Work directly with BankAtlantic.
  • Receive one regular statement from BankAtlantic.
CD-Level RatesEarn CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.
Simplified Tax ManagementReduces paperwork during tax season.


Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with BankAtlantic. For more information on CDARS, please visit your local branch. 

CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.

 

*On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.  On May 20, 2009, the temporary increase in basic FDIC deposit insurance from $100,000 to $250,000 per depositor was extended through December 31, 2013.    

Member FDIC VeriSign

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