Get the security of FDIC insurance for deposits of any size.

IntraFi® Network DepositsSM (previously CDARS)

Combine the ease of working with The Bank of Elk River and the security of millions in FDIC insurance. 

When you have deposits at a single bank in a single ownership capacity, then you have access up to $250,000 in FDIC insurance at that bank. By using services from IntraFi you can access multi-million-dollar FDIC protection through a single bank relationship. When you submit funds for placement through your bank using ICS or CDARS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and placed in deposit accounts at other network banks. You can choose to have funds placed in demand deposit accounts (using the demand option), money market deposit accounts (using the savings option), or CDs.  With your funds placed in amounts below $250,000, you can rest assured that both principal and interest are eligible for FDIC insurance.

Rest Assured

Know that deposits well into the millions are eligible for FDIC insurance protection. 

Earn Interest

Put excess cash balances to work by placing funds into demand deposit accounts, money market deposit accounts, CDs or all. 

Keep it Simple

Avoid opening multiple accounts with multiple banks to protect your funds.

Manage Liquidity

Select from multiple terms to meet your liquidity needs.


Your questions, answered.


[1] When deposited funds are exchanged on a dollar-for-dollar basis with other banks that use CDARS, our bank can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending. 

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.