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Certificate of Deposit Account Registry Service

A great way to keep your large deposits safe!

CDARS® is the Certificate of Deposit Account Registry Service®. And it's the easiest, most convenient way to access FDIC insurance on large deposits. CDARS can be a valuable cash management or longer-term investment tool for you1.


It's one-stop shopping. With help from CDARS, you can access:

  • Safety. Your money can access multi-million dollar FDIC insurance coverage.
  • Convenience. You work directly with us. You earn one interest rate per maturity and receive one regular statement, and one year-end tax form.
  • Community Investment. The full value of your money can support lending opportunities in your local community1.
  • CD-Level Rates. Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

How Does CDARS Work?

We are a member of the CDARS Network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network - in increments of less than $250,000 - so that both principal and interest are eligible for FDIC protection! As a result, you can receive coverage from many banks while working directly with just one.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for lending in the local community1.

What Else Should I Know?

Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.

And with CDARS, you can eliminate the need to monitor changing collateral values - another time saving convenience. Of course, your confidential account information remains protected.

It's a great solution for: individuals | businesses | nonprofit organizations | public funds | managers | trustees | financial advisors | IRAs

>> Ask us about how CDARS can work for you the next time you visit one of our branches, or email info@katahdintrust.com for more information.

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1Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement and Custodial Agreements with Katahdin Trust Company. The agreements contain important information and conditions regarding the placement of funds by us. When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositor's local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending. 
CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.

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