Stays inside FDIC limits, automatically
Your funds are allocated in CDs among various banks, so your exposure to any one institution — including interest paid at maturity — never exceeds FDIC coverage.1
≤ $250,000 insured per bank
Fit check
Is CDARS right for you?
- 1 You can lock in cash for a stated period of time and are comfortable with an early-withdrawal penalty.2
- 2 You're looking to achieve enhanced yields relative to shorter-term deposit products.
For more detail about CDARS, contact your BNY Mellon relationship manager.
Mechanics
How CDARS works
One portal, the entire CD market, and a structure built around FDIC coverage from the start.
You choose the term
Full control over how long your funds are invested — pick the term below.
At a 6-month term, CDARS pays a fixed rate of return, compounded daily and paid at maturity.
Your network, your rules
Full autonomy to name banks you'd rather not place deposits with.
Tap a bank to exclude it from your network:
One statement, however many banks
Whether your CDs sit with two banks or twenty, everything you hold through CDARS rolls up into a single statement.
Built in
Every CDARS deposit, by design
A
One competitive rate
A single rate is paid on the entire amount you invest — regardless of how many banks hold the underlying CDs.
B
A fixed rate of return
Your rate is set for the full term, so you know exactly what you'll earn going in.
C
Compounded daily
Interest compounds daily and is paid out in full at maturity.