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About: Certificate of Deposit Account Registry Service     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatRetailFinancialServices, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Act100030358yago:Activity100407535yago:Event100029378yago:PsychologicalFeature100023100yago:Work100575741yago:YagoPermanentlyLocatedEntityorganisationyago:Service100577525yago:WikicatFinancialServicesInTheUnitedStatesyago:WikicatRetailFinancialServices New Facet based on Instances of this Class

The Certificate of Deposit Account Registry Service (CDARS), was a US for-profit service that broke up large deposits (from individuals, companies, nonprofits, public funds, etc.) and placed them across a network of more than 3000 banks and savings associations around the United States. This allowed depositors to deal with a single bank that participates in CDARS but avoid having funds above the Federal Deposit Insurance Corporation (FDIC) deposit insurance limits in any one bank.