CDARS® (the Certificate of Deposit Account Registry Service®) gives you a simple way to access FDIC insurance on large deposits. With CDARS, you work directly with Woodford State Bank while receiving multi‑million‑dollar FDIC coverage through a nationwide network of financial institutions.
It’s an easy, secure way to protect significant balances while keeping your relationship with your local community bank.
Why Customers Choose CDARS
Peace of mind. Large deposits can be protected by FDIC insurance, well beyond the standard limit. Earn interest. Your cash is placed into CDs, helping your money work for you. Convenience. No need to open accounts at multiple banks or keep track of several statements. Everything comes from WSB. Flexible terms. Pick the CD terms that match your goals and liquidity needs. Support your community. When funds are placed through CDARS, the full amount can stay local and help support lending that strengthens our communities in Green and Lafayette County.*
How CDARS Works
1. One agreement. You sign one CDARS Deposit Placement Agreement with Woodford State Bank.
2. Choose your rate and term. Select from our available CD offerings based on what fits your plans.
3. Funds are placed. We place your deposit through the CDARS network.
4. CDs are issued. Member banks issue CDs in amounts below the FDIC insurance maximum, so your full deposit is protected.
5. You receive confirmation. You get one consolidated statement from WSB listing all of your CDs and activity.
If you have questions or want to get started, our team is here to help.
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I have been doing business with Woodford State Bank for 38 years with no problems. Yes, their service is that good. Small town bank that can serve you right away with anything.
During the past year, our company has been working with Scott, Erik, and Rory. I can say that we have been more than satisfied with their services. With their expertise, they helped us through our PPP Loan process from start to finish. They took the time to answer all of our questions in detail and within a timely manner.
Your service is amazing. I was working with another large, national bank that took over 90 days, and I eventually canceled. Woodford State Bank made the process extremely smooth and easy.
Woodford State Bank has the resources and drive to satisfy the needs of their customers. They went to great lengths to secure the best possible terms for Sugar River Cold Storage. I highly recommend them for all your personal and commercial needs.
I want to express my appreciation for the excellent customer service your employees continually display. I am always welcomed with a warm smile and a personal greeting. Thank you for your great leadership and community involvement. It is a pleasure to bank with you and all the great employees at Woodford State Bank.
Woodford State Bank has been the bank of RBS Activewear, Inc., for over 30 years. It has also helped us grow our business. We plan to continue to work with them for all our future business needs.
I want to thank each and every person that I have been in contact with during my refinance and transfer of my home loan. During a stressful time for our world, this was made easier by the wonderful and efficient employees at Woodford State Bank. I feel content and secure knowing our forever home is in your hands!
I have worked with Michelle to refinance all three of my rental properties this year. She’s very prompt in returning my calls, looking into options for me and keeping me up to date on the progress as we went along. Woodford State Bank was great to work with, and I look forward to working with them in the future.
The employees of Woodford State Bank are incredibly giving and creative supporters of Big Brothers Big Sisters of Green County! We always look forward to their participation in our Bowl for Kids’ Sake events because they have and share such wonderful community spirit, both internally and outwardly. Our agency is grateful for such amazing support, especially throughout the past pandemic months. Our matches, board and staff thank you all for your support!
