CDARS Accounts
What is CDARS?
CDARS is the Certficate of Deposit Account Registry Service. And it's the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $100,000. Everything is handled through our bank. You can work with just one bank - our bank - and receive insurance from many. All of your CD's will be listed on one statement from us.
| Before CDARS | After CDARS |
Open accounts in multiple names, deal directly with multiple banks |
One bank - The Union Bank |
Negotiate several interest rates |
One interest rate |
Manually consolidate statements every month |
One account statement |
Track changing collateral values for collateralized deposits |
No need to track |
Would you like to learn more about CDARS and what it can do for you?
Contact Erin Hardesty, Teasury Management/Private Client Services Manager, by calling your local Union Bank office (or 800-837-8111) extension 4232. Erin may also be reached by email at ehardesty@theubank.com
