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CDARS insure deposits more than $250,000
Most bank deposits are only insured by the FDIC for up to $250,000 (as of the date this post was published). CDARS (Certificate of Deposit Account Registry Service) is a way to insure your funds, $50 Million or more held in a bank, are insured. To gain the added insurance, the bank that sets up the account, splits the deposit among as many as necessary to get all of the funds insured. Go to this web site to learn all about CDARS - The site will tell you all about CDARS, and the banks that offer this product. 

There is some discussion in some circles that the FDIC is effectively broke. So we would suggest that you not rely upon CDARS as you only means of protecting your assets.

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