Access to $50 million in FDIC insurance
Far East National Bank is a member of the Certificate of Deposit Account Registry Service, or CDARS, which provides depositors with access to complete FDIC insurance on CD investments of up to $50 million.

What is CDARS?
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 $100,000 so that both the principal and interest are eligible for FDIC protection. As a result, you can receive coverage from many banks while working with just one.  Built and rigorously tested by seasoned banking professionals and experienced technology architects, CDARS is a proven system that serves the needs of companies, public funds organizations, individuals and non-profits across the United States.

How does CDARS work?

1. You enter into one agreement. You sign one simple Deposit Agreement with us.
2. You select an interest rate and a maturity. Based on our current CD options, you decide on a rate and a maturity that best matches your investment goals.
3. Funds are deposited. Using CDARS, we submit your funds for placement at member banks.
4. CDs are issued. Member banks issue CDs in denominations under $100,000 so your entire investment is eligible for full FDIC insurance coverage.
5. Confirmation is received. You receive written confirmation of your deposits and a listing of all of your CDs.

One Bank. One Rate. One Statement. It’s that easy!

Contact us about CDARS
Visit any of our branches or call (866) FENB-USA for more information.

View the video below to see how CDARS works

Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement. The agreement contains important information and conditions regarding the placement of funds by Far East National Bank. Please read the agreement carefully before signing it. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.