certificate of deposit account registry service (CDARS)
Definition
A certificate of deposit that allows users to easily deposit money into different banks and stay below FDIC limits. The money can be over 100,000 dollars. This is a network of banks that eliminates people having to go to different banks to make deposits.
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9 Tips for Safeguarding Your Accounts (4 of 9)Invest in CDs with a CDARS network member institution. When you invest at least $10,000 in a CD with a Certificate of Deposit Account Registry Service (CDARS) member bank, you can get up to $50 millio ... Read more
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