CDARS®

With CDARS, you can enjoy full FDIC insurance on CD investments larger than $250,000 through Salisbury Bank. There are few guarantees in life - FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you.

  • What is CDARS?

  • How can CDARS help you?

  • How does CDARS work?

Learn More & Get Started

To learn more, call 860.435.9801 or visit one of our convenient banking offices and speak with one of our customer service representatives.

1Consult with your account manager or one of our customer service representatives regarding rates.

2If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether the placement of your funds through CDARs satisfies these restrictions.

3Because deposited funds are exchanged on a dollar-for-dollar basis with other banks in the network, we can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors' local investment goals/mandates. Alternatively, with a depositor'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.

4Please consult with your auditor to determine how CDs should be reported.

Funds may be submitted for placement only after a depositor enters in to a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us.

CDARS and Certificate of Deposit Account Registry Service are service marks of Promontory Interfinancial Network, LLC.