Certificate of Deposit Account Registry Service Questions

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Certificate of Deposit Account Registry Service Questions

Postby RooseveltG » Fri Dec 21, 2012 3:28 pm

I am starting a new thread on Certificate of Deposit Account Registry Services (CDAR).

Because CDARS aggregate CDs and the account would exceed FDIC insurance limits, are they safe? Who insures the custodian?

What are the costs? Do they reduce yields to the point that you are just as well off buying brokered CDs from an institution like Vanguard?

How well do they work? Are they transparent? Is it easy to select CDs?

Any perspectives or info would be appreciated from those of you that use a CDAR for multiple jumbo CDs. Thanks in advance.

Roosevelt.
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Re: Certificate of Deposit Account Registry Service Question

Postby Johm221122 » Sat Dec 22, 2012 10:24 pm

This might help(official web site)
http://www.cdars.com/aboutus/default.aspx
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Re: Certificate of Deposit Account Registry Service Question

Postby RooseveltG » Sun Dec 23, 2012 7:56 am

Someone wrote in a different thread that they would not trust a financial institution to be the custodian for multiple CDs.

The fact that no one responded to this post tells me that few individuals (as opposed to institutions) use CDAR.

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