IntraFi Network Deposits (formerly CDARS®)

IntraFi Network Deposits, formerly known as the Certificate of Deposit Account Registry Service or CDARS®, is a program comprising a network of FDIC-insured banks that work together to help high-balance savers insure their deposits. Designed to help maximize FDIC coverage limits, the program allows individuals to establish certificate of deposit (CD) accounts through multiple banks via a single local financial institution (such as FineMark).

How It Works: When you submit funds through FineMark using IntraFi Network Deposits, that deposit is divided into amounts below $250,000 (the standard FDIC insurance maximum) and placed in your choice of deposit accounts (e.g., demand deposit, money market or CD accounts) at other network banks.

To learn more about IntraFi Network Deposits, please speak with an associate. We’re always happy to help!