CDARS
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 Company |
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
