CDARS® – Certificate of Deposit Account Registry Service


Settlers Bank is a member of a network of over two thousand banks. As a member of this network we are able to offer FDIC insured certificates of deposit in amounts above the $250,000 FDIC insurance limits.

CDs placed through CDARS offer our customers:

  • Access to multi-million-dollar FDIC insurance;

  • The ease of working through one trusted relationship (Settlers Bank), earning one rate per maturity, and receiving consolidated statements;

  • The ability to forego ongoing collateral tracking;

  • The power of daily compounding; and

  • A finite maturity date (in contrast to auction-rate or some adjustable-rate securities).

Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS. You must have a Settlers Bank checking or savings account to be eligible for CDARS.

Terms of 4 weeks through 5 years are available. We do not publish a rate sheet on CDARS. Instead, we custom quote rates based upon multiple factors.

For more information about CDARS click on these links to download more information

Why should you consider CDARS?

CDARS Frequently Asked Questions.

or please contact us to learn more.