Skip to Content
Close Icon

CDARS & ICS Services


CDARS® offers multiple benefits to investors who want to combine the security of access to FDIC insurance above $250,000 with the convenience of working directly with just one financial institution. Using the CDARS service, you can access multi-million dollar FDIC insurance on CD investments. Most importantly, CDARS gives you 1One Relationship. You work directly with Farmers Bank. Benefits of CDARS include:

  • Peace of Mind: Rest assured your CDARS desposits are eligible for multi-million dollar FDIC insurance.
  • One Relationship: Banks that offere CDARS are members of a special network, the CDARS network.
  • One Rate: You negotiate one interest rate per maturity on CD investments placed through CDARS. With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD.
  • One Statement: You receive one regular statement detailing your CD investments. You no longer need to manually consolidate statements at the end of each month, quarter, or year.
  • No Hidden Fees: You will not be charged annual fees, subscription fees, or transaction fees for using CDARS.
  • A Wide Variety of Maturities: You can select from various maturities — ranging from 4 weeks to 260 weeks (5 years) — and choose the terms that best suit your investment needs.
  • Community Investment: Your funds can support lending initiatives, including special development projects that strengthen your local community.2

Access FDIC Insurance Above $250,000

Farmers Bank is proud to offer access to FDIC insurance for accounts above the FDIC insurance limit ($250,000) through CDARS and ICS.

The placement of your funds for both CDARS and ICS occurs in increments below the standard FDIC insurance maximum of $250,000 so that both principal and interest are eligible for FDIC insurance. By working directly with just one institution, you can access insurance coverage from many. And, you receive just one regular, consolidated account statement.

How CDARS works

CDARS is also known as the Certificate of Deposit Account Registry Service©. When you place a large deposit with Farmers Bank, a CDARS Network member, we use the CDARS service to place your funds into CDs issued by other members of the CDARS Network.

How ICS works

ICS is also known as the Insured Cash Sweep Service©.

When you place a large deposit with Farmers Bank, an ICS Network member, we use the ICS service to place your funds into money market deposit accounts at other FDIC-insured member institutions.

Call or visit our office to learn about these services, or for a list of our current rates.

Contact Us   

1Limits apply. Funds may be submitted for placement only after an investor enters into a CDARS Deposit Placement Agreement with our bank. This agreement contains important information and conditions regarding the placement of funds. 2When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, our bank can use the full amount of a deposit placed through CDARS for local lending, satisfying some investors' local investment goals or mandates. Alternatively, with an investor's consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.