Community BT Community BT

Skip to Content

There are few guarantees in life - FDIC insurance is one of them. With CDARS (Certificate of Deposit Account Registry Service), you can access FDIC protection on multi-million dollar CD investments through Community Bank & Trust. CDARS can be a valuable cash management or longer-term investment tool for you.*


It's one-stop shopping. With help from CDARS, you can access:

  • Safety - Your money can access multi-million dollar FDIC insurance coverage.
  • Convenience - You work directly with us. You earn one interest rate, receive one regular statement and one year-end tax form.
  • CD-Level Rates - Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

How does CDARS work?

Community Bank & Trust 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 same network - in increments of less than $100,000 - so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one. 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.

What else should I know?

With CDARS, 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. CDARS reduces your administrative burden, especially during tax and financial reporting seasons. Plus, you can eliminate the need to monitor changing collateral values - another time-saving convenience. And of course, your confidential account information remains protected.

Ask us about how CDARS can work for you the next time you visit one of our locations, or call an Account Executive at (319) 291.2000 for more information.

*Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Community Bank & Trust. The agreement contains important information and conditions regarding the placement of funds by us.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.