Tools and Links

Certificates of Deposit Account Registry Service (CDARS)

Knowing your investments and savings are secure are a top priority for you and for us. Be assured, at Commercial Savings Bank we have up to $50 million in FDIC insurance to ensure your investments are safe with us. We give you security while also simplifying the process for you because you deal with one bank, one rate and one statement.

Through CDARS we can provide you with easy access to multi-million dollar FDIC protection on investments. So, how does CDARS (Certificate of Deposit Account Registry Services) system work? Our bank is a member of a special network that allows us to match and exchange deposits with other banks who are also members of the network. When you deposit a large dollar amount with us, we place your funds into CDs issued by other banks in the network—in increments of less than $250,000—so that both your principal and interest are eligible for complete FDIC protection. These exchanges, which occur on a dollar-for-dollar basis, bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes and you can access FDIC insurance coverage from many banks while working with just us.

To learn more about the advantages for CDARS for your business, click here.