CDARSSM (Certificate of Deposit Account Registry Service)

CDARSSM is a deposit placement service through Hawaii National Bank wherein certificates of deposit totaling over $100,000 receive full FDIC coverage* by participation in a network of FDIC-insured financial institutions. This nationwide network of FDIC-insured banks is managed by Promontory Interfinancial Network, LLC. You are encouraged to read the CDARS Deposit Placement Agreement and speak with your Warm-Hearted Banker.

Features

• Minimum: $25,000
• Maximum insurance coverage up to $30 million
• Competitive interest rates with varying terms offered
• Managed through a single institution, Hawaii National Bank
• There are no fees for this placement service.

∗ Conventional FDIC coverage is for up to $100,000, including principal and interest, per account ownership category. CDARS allows FDIC coverage on total deposits for up to $30 million.