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.