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CDARS® is one of the safest and smartest investment vehicles for investors looking to protect their large-dollar investments while earning CD-level returns that may compare favorably to Treasury and money-market-fund yields.

CDs placed through CDARS offer investors (including institutional investors, such as corporations, foundations, and endowments):

  • Access to multi-million-dollar FDIC insurance;
  • The ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements;
  • The ability to forego ongoing collateral tracking;
  • The power of daily compounding; and
  • A finite maturity date (in contrast to auction-rate or some adjustable-rate securities).

Investing through CDARS can be a strong alternative to Treasuries. Like Treasuries, FDIC insurance is backed by the full faith and credit of the U.S. government.  

Contact us to learn more about CDARs

CDARS CDs are considered bank deposits. They are not DTC eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty.

You should compare the current rates and features of CDs (including CDs placed through the CDARS service) to other investment alternatives. Past performance may not be representative of future performance or success.

Limits apply. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS or a particular CDARS transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.



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Certificate of Deposit Specials

Interest animation *
Helping to make your dollars grow…….. This weeks interest rate specials are:

CD Specials! 

  • Please consult Truth-In-Savings disclosures for additional information.
  • The APY (Annual Percentage Yield) is expressed as an annualized rate for all accounts and assumes interest remains on deposit until maturity (if applicable). A withdrawal and or fees will reduce earnings.
  • Interest Penalty will be imposed for early withdrawal from Certificates and IRA’s

Interest rates on fixed rate certificates are subject to change at renewal.

*Interest rates on variable rate certificates are subject to change daily if prime rate, as published with the Wall Street Journal, changes. These interest rates are a result of the current prime rate, as published with the Wall Street Journal, minus a variance which is decided upon by the bank.

For additional information, please call our customer service department at 812-273-4949.
Member FDIC/Equal Housing Lender

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Remote Deposit Services

Remote Deposit staff

In the picture above Jana Clapham, of Clifty Engineering, is shown taking advantage of River Valley's newest technology....Remote Deposit Services! Click here to watch the demo.


Banking done on your schedule - Deposits can be made outside of traditional banking hours and on the weekends. You no longer have to schedule your banking along with other outside errands.

Improved Funds Availability - By making electronic deposits, your transactions can be processed more quickly, making funds available sooner.

Eliminate physical preparation and transportation costs - With the automated system, you can eliminate the time and costs spend on traditional banking, both in-office and transportation.

Streamline your accounting - With Remote Deposit, you have the option of exporting your deposit information into your existing accounting software.

Reduce risk of fraud - Accelerated check clearing reduces the risk of fraud by allowing returned items to be identified sooner.

Contact Alicia Berry ( at (812)273-4949, or toll free at(800)994-4849,for a free analysis of how River Valley can save your business money with our Electronic Service Suite of solutions.

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Customized Debit Cards

Put a personal touch on your banking cards. Click Here.

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