CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICE - CDARS
Program allowing the public to deposit their money in several banks. It is designed to help individuals investing in certificate of deposits (CDs) to remain below FDIC insurance limits at any participating bank. Normally, to avoid exceeding the FDIC limit, consumers spread their money in different banks. It eliminates the need to go from one bank to another in order to deposit money. Comprised of a network of banks, using CDARS is as simple as looking for a nearest bank and placing the money with that bank. Then, the bank spreads the money throughout several banks, making sure the deposited money does not exceed the FDIC limit. As part of this program, the client conducts business only with the local bank and receives a single statement with the information in every account.
POPULAR TERMS
Target Return
Remainder Man
Average Collected Balance
Bankable Funds
Prudent-Person Rule
POPULAR ARTICLE
SEE FOREX TUTORIAL
Gauging Inflation
An Introduction to Student Loans
Introduction to Ethical Investing
A Guide to Your Personal Income Tax: Steps to Take before April 15
A Guide to Your Personal Income Tax: Avoid Awful Surprises
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
| 07:00 | Economy Watchers Survey | Oct | |
| 10:30 | New Yuan Loans | Oct | |
| 01:30 | Westpac Consumer Sentiment | Nov | |
| 01:50 | M2 Money Supply + CD | Oct | |
| 02:30 | NAB Business Confidence | Oct | |
| 08:00 | Prelim Machine Tool Orders | Oct | |
| 09:00 | CPI | Oct | |
| 09:00 | Harmonized CPI | Oct |
