Multi-Million Dollar FDIC Insurance on CD Investments

Why is CDARS® right for you?

SAFETY – You can access multi-million dollar FDIC insurance through Wolverine Bank.


One Relationship.
Everything is handled through Wolverine Bank. Your large deposit is broken into smaller amounts and placed with other institutions that are members of a special network. Then, those members issue CDs in amounts under the standard FDIC maximum, so that your entire investment is FDIC insured. By working with Wolverine Bank, you can receive virtually unlimited FDIC insurance.

One Rate.
You earn one rate on your entire investment, so you can forget the multiple rate negotiations and the need to consolidate multiple disbursement checks.

One Statement.
You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. With a CDARS account there’s no need to manually consolidate statements, track changing collateral values, or use private surety bonds.

Who is eligible for CDARS®?

Public Funds Entities:  
  • Fire Districts
  • Government Agencies
  • Municipalities
  • Police Departments
  • Public Colleges
  • Public Hospitals
  • Public Universities
  • Road Commissions
  • School Districts
  • State Funds
  • Utility Districts


For more information on Wolverine Bank’s CDARS accounts, please contact our Public Funds Team at (800) 968-4280.

*If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS or a particular CDARS transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor has signed a Deposit Placement Agreement with a member bank. This agreement contains important information and conditions regarding the placement of funds by a members bank. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

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