Certificate of Deposit Account Registry Service (CDARS)®

Learn more about the options available!

Learn More


Enjoy peace of mind that comes with access to multi-million-dollar FDIC insurance and choose the service or combination of services that best meet your needs for returns and access to funds. When you place a deposit through CDARS® service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed in demand deposit accounts, money market deposit accounts or CDs at multiple banks. As a result, you can access coverage from many institutions while directly working with The Bank of Elk River.

For more information, visit the CDARS website or contact one of our CDARS specialists.


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Lynn Backlund, Retail Banking Manager

763.241.8595
NMLS #1290179

Email: LBacklund@TheBankofElkRiver.com