If you have more money to invest than the FDIC limit will insure (and good for you, by the way), CDARS® is the way to go. Enjoy high CD interest rates in multiple accounts, fully insured, through one relationship.

Use the Certificate of Deposit Account Registry Service to receive FDIC protection on up to $15 million through BankFirst Financial Services. CDARS can be a valuable cash management or longer-term investment tool for you or your business.

  • Invest up to $15 million
  • High, CD interest rates
  • Increased convenience
  • One statement for multiple accounts
  • Reduced administrative burden
  • Full FDIC insurance

CDARS is a great solution for:

  • Businesses
  • Nonprofit organizations
  • Public funds managers
  • Trustees
  • Financial advisors
  • Individuals
  • Credit unions
How CDARS Work?

BankFirst is a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the network—in increments of less than the FDIC limit—so that both your principal and interest are eligible for complete FDIC protection.

With help from a sophisticated matching system, we exchange deposits with other banks that are members of the network. 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 community lending purposes.