Certificate of Deposit Account Registry Service


Looking for a way to keep large deposits safe?


CDARs are a great solution for businesses, non-profit organizations, public funds and IRAs. With CDARS, you can access FDIC protection on multi-million dollar CD investments through Bank of Tennessee.

It’s one-stop shopping. With help from CDARS you can access:

  • Safety – Your money can access multi-million dollar FDIC insurance coverage.
  • Convenience – You work directly with us. You earn one interest rate and receive one regular statement, and one year-end tax return.
  • Community Investment – The full value of your money can support lending opportunities in your local community.
  • CD-Level Rates – Your money earns CD-level returns which may compare favorable with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

How does CDARS work?
We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network – in increments of less than the standard FDIC insurance maximum – so that both principle and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.

These exchanges, which occur on a dollar-for-dollar basis, can 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.

What else should I know?
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. this reduces your administrative burden, especially during tax and financial reporting seasons.

Of course, your confidential account information remains protected.

  • Funds may be submitted for placement only after a depositor enters into the CDARs Deposit Placement Agreement with Bank of Tennessee. The agreement contains important information and conditions regarding the placement of funds by us.
  • This benefit applies to some, but not all types of CDARs transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.

CDARs is a registered service mark of Promontory Interfinancial Network, LLC.