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What's Your Life Stage?

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As your life changes, so do your needs and goals. Sound financial planning can prepare you to meet them successfully.

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Insured Cash Sweep (ICS)

ICS Insured Cash Sweep

 

Enjoy peace of mind. Feel good knowing that your funds are eligible for protection that’s backed by the full faith and credit of the federal government.

Earn interest. Put excess cash balances to work in interest-bearing savings accounts (money market deposit accounts).

Access funds. Withdraw ICS funds up to six times per month.

Rest assured. Know that your money is always on deposit in regulated, FDIC-insured institutions and that you can check balances and other information online, 24/7.

Save time. Work directly with just one bank - a bank you know and trust.  

 

 

What is ICS?

Through our new ICS (or Insured Cash Sweep) service, you can earn interest and access multi-million-dollar FDIC protection on your large savings deposits.

How can ICS benefit you?

  • Enjoy peace of mind. Feel good knowing your ICS funds are eligible for FDIC insurance that’s backed by the full faith and credit of the United States government.
  • Earn interest. Put excess cash balances to work in savings accounts (money market deposit accounts).
  • Access funds. Withdraw ICS funds up to six times per month.

How does ICS work?

ICS How It Works

Work directly with just us –an institution you already know and trust –and receive coverage from many.
Additionally, rest assured knowing that your money is always on deposit in regulated, FDIC-insured institutions and that you can see (online) where your funds are at all times.

What else should you know?

As always, your confidential information remains protected.  If you are a CDARS®customer at our bank, and we place funds for you both through CDARS and through ICS under the same tax identification number, the ICS system is programmed to recognize your existing CDARS placements and exclusions maintained by us. Online tools allow you to verify that your funds are not being placed in institutions you have excluded. (Note that different tax identification numbers do not guarantee different insurable capacities.).
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Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you enter into with us. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.