Do you have more than $250,000 in savings?  

The FDIC has a standard maximum insurance coverage of $250,000 per depositor, per ownership type in an insured bank. By leveraging CDARS®, you can access multi-million-dollar FDIC insurance on CD investments. This allows you to avoid the hassle of opening and tracking multiple bank accounts across multiple institutions. 

How does CDARS work?

As a member of the IntraFi network, when First Fed places your larger deposit through CDARS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed into deposit accounts at other network banks.  

As a result, you can access FDIC coverage from many institutions while working directly with First Fed. You will receive a statement from our bank detailing all your CDARS placements. Earn one rate for each CD maturity, and enjoy the option of reinvesting funds through a simple process.  

Enjoy the simplicity of working with one bank with the security of FDIC insurance on your funds.  

Need more information? Connect with one of our experienced bankers who can walk you through the application process.

When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use CDARS, our bank can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.  

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at The depositor may exclude banks from eligibility to receive its funds.

FDIC Insurance over $250k with Cash Access

ICS retains access to your funds with multi-million-dollar FDIC insurance, all while banking directly with First Fed.

Your Money is Safe with Us

Rest assured that your funds are safe and secure with our community bank.