# CDARS: Diversify Savings with FDIC Coverage

> CDARS spreads savings across banks to stay within FDIC insurance limits.
- Title: CDARS: Diversify Savings with FDIC Coverage · Kiplinger
- Summary: CDARS spreads savings across banks to stay within FDIC insurance limits. CDARS helps users split deposits across multiple banks to keep full FDIC insurance…
- Keywords: cdars, fdic, intrafi, certificates of deposit, savings accounts, banking, Diversify, Savings, Coverage, Kiplinger
- Source: Kiplinger — https://kiplinger.com/personal-finance/savings-accounts/cdars-a-tool-for-diversifying-your-savings
- Published: 2026-10-27T14:00:00+00:00
- Read time: 1 min
- Topics: cdars, fdic, intrafi, certificates of deposit, savings accounts, banking
## FDIC Coverage Limits
Deposits up to $250,000 per bank receive federal insurance against bank failure.
## CDARS Solution
CDARS splits savings across multiple banks to stay within FDIC insurance limits.
## How CDARS Works
Users choose one bank to place money for them; CDARS spreads funds across partner banks.
## CDARS Rates
Everbank offers 3.05% for three-month CDs and 3.57% for two-year CDs through CDARS.
## Alternative Option
ICS spreads money across money market accounts without early withdrawal penalties.
## Key takeaway

CDARS helps users split deposits across multiple banks to keep full FDIC insurance coverage on savings.