Are there any options to open a CD for more than $250,000 and still have it be insured?

Yes. USB is a member of the Certificate of Deposit Account Registry Service® (CDARS). Using this service, you can make a multi-million dollar CD investment which will be spread across multiple banks in order to be eligible for FDIC insurance. However, you work with one bank, receive one rate and only one statement. CDARS makes it easy for you to manage your investment while working directly with USB. To learn more or to open a CDARS account, contact your local USB branch.

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. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.

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