Access to multi-million-dollar FDIC insurance
Far East National Bank offers the Certificate of Deposit Account Registry Service®, or CDARS®, which provides depositors with access to complete FDIC insurance on multi-million-dollar CD investments.

What is CDARS®?
We are a member of the CDARS Network. When you place a large amount with us, we place your funds into CDs issued by other banks in the CDARS Network, in increments under the standard FDIC insurance maximum ($250,000) so that both the principal and interest are eligible for FDIC protection. As a result, you can receive coverage from many banks while working directly with just one.

How does CDARS work?

1. You enter into one agreement. You sign one simple CDARS Deposit Placement Agreement with us.
2. You select an interest rate and a maturity. Based on our current CD options, you decide on a rate and a maturity that best matches your investment goals.
3. Funds are deposited. Using CDARS, we submit your funds for placement at member banks.
4. CDs are issued. Member banks issue CDs in denominations under the FDIC maximum so your investment is eligible for FDIC insurance coverage.
5. Confirmation is received. You receive written confirmation of your deposits and a listing of all of your CDs.

One Bank. One Rate. One Statement.℠ It’s that easy!

Contact us about CDARS
Visit any of our branches or call (866) FENB-USA for more information.

Limits apply. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement. 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, and One Bank. One Rate. One Statement is a service mark of Promontory Interfinancial Network, LLC.