CDs and IRAs
CDARS®: The Certificate of Deposit Account Registry Service®
At Burke & Herbert Bank, we have a highly regarded century-and-a-half-old reputation to live up to when it comes to protecting our customers’ money. So it just makes sense for us to offer the Certificate of Deposit Account Registry Service, or CDARS.®
CDARS provides access to multi-million-dollar FDIC insurance coverage on CD investments. With CDARS, your funds are placed in CDs issued by banks that are members of the CDARS Network in amounts less than the standard FDIC maximum ($250,000). As a result, your principal and interest are eligible for FDIC coverage. Yet you receive only one statement for your account. By working directly with one bank – Burke & Herbert Bank – you can receive insurance through many.
Next to you, no one else is more interested in protecting your hard-earned money than Burke & Herbert Bank. And with CDARS, you can feel even more confident trusting your money to us.
To learn more about CDARS, visit your local Burke & Herbert Bank branch, or call us at 703-684-1655.
Limits apply. Funds may be submitted for placement only after a depositor enters into 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 registered service marks of Promontory Interfinancial Network, LLC.