IntraFi Service
The Certificate of Deposit Account Registry Service, is the easiest, most convenient way to access FDIC insurance on large deposits.
One Bank
When we place your funds through CDARS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in deposit accounts at participating network banks. As a result, you can access coverage from many institutions while working directly with just Capitol Federal.
One Rate
You earn one rate per maturity on your entire investment — so you can forget about multiple rate negotiations and the need to consolidate multiple disbursement checks.
One Statement®
You receive one regular account statement listing all of your CDs along with their issuing banks, maturity dates, and other details. With CDARS, there’s no need to manually consolidate statements or track collateral values on an ongoing basis.
How Can Certificate of Deposit Account Registry Service, CDARS, Help You?
• Earn CD-level returns, which may compare favorably with those of Treasuries and other high-quality investments.*
• Satisfy requirements for insured deposits.
• Enjoy the time-saving conveniences associated with one relationship, one interest rate per maturity, and one regular statement.
• Eliminate the burden of ongoing collateral tracking.
• Avoid having uninsured deposits to footnote in financial statements.
• Make the full amount of deposit available for lending in the local community.**
How Does the CDARS, Work?
- You enter into one Deposit Placement Agreement.
- Based on our current CD options, you agree to a rate and a maturity that best match your investment goals.
- You receive written confirmation of your deposits and a listing of all of your CDs.
Institutions, like ours, that offer CDARS are members of the IntraFi network. When we place your funds through the ICS or CDARS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in CDs (using CDARS), at multiple banks. As a result, you can access coverage from many institutions while working directly with just one. Enjoy 24/7 online access to account information.
*Consult with your account manager or one of our customer service representatives regarding available rates. You receive one monthly statement from our bank for each service in which you participate, and, as always, your confidential information is protected.
**When deposited funds are exchanged on a dollar-for-dollar basis with other banks participating in IntraFi's network of banks, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ 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.
