CDs & IRAs
Springs Valley offers CD options in various terms; choose the right one for you. Or save for the future with an IRA.
Certificates of Deposit
Smart Cash Management
With the ICS, or Insured Cash Sweep, service and CDARS, you can enjoy the peace of mind that comes with access to multi-million-dollar FDIC insurance and you can choose the service or combination of services that best meets your needs for returns and access to funds. Now that's smart.
Ask us about the returns you can earn. With ICS, funds can be placed into demand deposit accounts (using the demand option), money market deposit accounts (using the savings option), or both. With CDARS, funds are placed into CDs. And with ICS and/or CDARS, you enjoy the convenience of banking directly with us and earning one interest rate per service.1
Enjoy Peace of Mind
Rest assured knowing that your funds are eligible for multi-million-dollar FDIC insurance protection that's backed by the full faith and credit of the federal government. No one has ever lost a penny of an FDIC-insured deposit.
With ICS, enjoy unlimited withdrawals using the demand option or up to six program withdrawals per month using the savings option. With CDARS, select from a range of maturities (4 weeks, 13 weeks, 26 weeks, 52 weeks, 2 years, 3 years, and 5 years).
Work directly with just us - a bank you know and trust - to access multi-million-dollar FDIC insurance, and forego the need to use repo sweeps or to track collateral on an ongoing basis.
Support Your Community
Feel good knowing that the full amount of your funds placed through ICS and/or CDARS can stay local to support lending opportunities that build a stronger community.2
How do ICS and CDARS work?
Institutions, like ours, that offer ICS and CDARS are members of a special Network. When we place your deposit through the ICS and/or CDARS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed in demand deposit accounts (using the ICS demand option), money market deposit accounts (using the ICS savings option), and/or CDs (using CDARS) at multiple banks. As a result, you can access coverage from many institutions while working directly with just one.
You work directly with our bank's service team. And you receive one monthly statement from our bank for each service in which you participate. As always, your confidential information is protected.
Want to learn more? Call us at 800.843.4947 today!
1 One interest rate per CD maturity date when using CDARS.
Placement of funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement ("DPA"). Limits apply and customer eligibility criteria may apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA"), a depositor's balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ECS or CDARS settlement for a deposit or after ICS or CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS or CDARS satisfies those restrictions. ICS, Insured Cash Sweep, and CDARS are registered service marks of Promontory Interfinancial Network, LLC.