Looking for a way to keep large deposits safe? Ask us about the
Certificate of Deposit Account Registry Service® or CDARS®. It's a
great solution that combines the advantage of securing FDIC
insurance on deposits above the normal insurance limits with the
convenience of a single banking relationship through RSNB Bank.
How does CDARS® work?
We are a member of a special network. When you use the CDARS®
service, we place your funds into CDs issued by other banks in the
same network. Then, those banks issue CDs in amounts under the
standard FDIC insurance maximum ($250,000) so that both principal
and interest are eligible for complete FDIC protection. By working
directly with just one bank - RSNB Bank - you can receive insurance
These exchanges, which occur on a dollar-for-dollar basis, can
bring the full amount of your original deposit back to our
Please visit the CDARs® website for more information or visit
our Education Center to view a video on CDARS®.
What else should I know?
You no longer have to spend time managing multiple bank
relationships, administering various interest rates, organizing
interest disbursements from various sources, or manually
consolidating monthly statements. You receive one regular account
statement listing all of your CDs, along with their issuing bank,
maturity dates, interest earned, and other details. This reduces
your administrative burden, especially during tax and financial
Of course, your confidential account information remains
Ask us about how CDARS® can work for you by contacting
a Personal Banker at 307.352.0485 or the next time you
visit one of our offices.
Limits apply. Funds may be submitted for
placement only after a depositor enters into a CDARS® Deposit
Placement Agreement with us. The agreement contains important
information and conditions regarding the placement of funds by us.
CDARS® and Certificate of Deposit Account Registry Service® are
registered service marks of Promontory Interfinancial Network,