Certificate of Deposit Account Registry Service
A safe, convenient solution for large deposit investors.
Through CDARS large deposits (exceeding $100,000) can be placed by a participating bank into smaller-denomination CDs at multiple institutions providing:
- Safety of FDIC insurance for large deposits – Because funds are placed in FDIC-insured CDs that are issued by Network members, your total deposits over $100,000 can be eligible for full FDIC coverage up to $1 million or more.
- CD interest – Rates may compare favorable with those of other high-quality, fixed-income investments.
- Management convenience – You can manage all of your CD investments through a single relationship.
- Security of working with a trusted, local source – Your transaction is managed by us, people you know and trust.
Details are available by contacting your nearest River Valley Bank location.
Funds may be submitted for placement through CDARS only after a depositor enters into the CDARS Deposit Placement Agreement with a participating bank. The agreement contains important information and conditions regarding the placement of funds through CDARS. Please read the agreement carefully before signing it.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC