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Looking to keep your large deposits safe? CDARS® offers the perfect solution.
CDARS, the Certificate of Deposit Account Registry Service®, is the most convenient way for safety-conscious investors to access FDIC insurance on multi-million dollar deposits.
As a member of the CDARS Network, Flagstar places your deposit in CDs issued by other members of the CDARS Network in amounts below the standard FDIC insurance maximum. As a result, both your principal and interest are eligible for FDIC protection.*
CDARS is a safe, convenient solution for large deposit investors. CDARS eliminates managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. Plus, the interest rate you earn may compare favorably with other investments such as treasuries, corporate sweep accounts and money market funds.
For current rate and term information, visit your local Flagstar branch or call (800) 642-0039.
*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. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.