Certificate of Deposit Accounts Registry Service (CDARS)
Enjoy maximum FDIC coverage for all of your business deposits – up to $50 million with – CDARS®.
First Tennessee 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.*
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
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