Certificate of Deposit Accounts Registry Service (CDARS)
Enjoy maximum FDIC coverage for all of your business deposits – up to $50 million with – CDARS®.
First Horizon Bank makes it easier to manage large business deposits with CDARS®, the Certificate of Deposit Account Registry Service®. Now, you can manage all of your business deposits – up to $50 million – with maximum FDIC coverage under one roof.*
Product Features
- When you open a large deposit CD with us using CDARS, we disperse your money into CDs issued by other banks in the CDARS network of financial institutions
- The CDs issued are in increments of less than the standard FDIC insurance coverage amount to provide you with maximum FDIC insurance
- Minimum deposit of $100,000 required
Product Benefits
- We handle the transaction with the other banks
- Terms are available from four weeks to three years with a minimum opening deposit of $100,000
- Watch the 'How CDARS Works' video
