Business Savings Accounts
Insured Cash Sweep® (ICS℠) and Certificate of Deposit Account Registry Service® (CDARS®) Accounts
Gain peace of mind with multi-million-dollar FDIC insurance.
All depositors are insured by the Federal Deposit Insurance Corporation (FDIC) up to at least $250,000 per insured bank, but placing your money in one of our ICS or CDARS network accounts guarantees multi-million-dollar FDIC insurance coverage.
Why ICS or CDARS? With these varying solutions, you can:
- Enjoy full FDIC insurance with access to multi-million-dollar coverage.
- Earn interest with an ICS Savings or CDARS account.
- Select the ICS account or CDARs solution that allows you to make withdrawals or deposits based on your cash flow needs.
- Save time and trouble — enjoy the convenience of one bank, one rate and one statement.
|Products||Need||The ICS Solution|
|ICS Demand||Maximize your insurance coverage while maintaining the flexibility of unlimited withdrawals.||
|ICS Savings||Maximize your insurance coverage while maintaining an interest-bearing account that provides the flexibility to make deposits and withdrawals.||
|CDARS||Have excess funds that you would like to invest in an insured, long-term interest-bearing account.||
Forget trying to split up your cash among different banks for safety; our experts will manage the multi-bank relationships for you, all without any service fees. Contact us today to select a customized package that fits your needs.
Placement of your funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS or CDARS Deposit Placement Agreement, you enter into with us. Limits and customer eligibility criteria may apply. Program withdrawals vary by account.
Insured Cash Sweep ICS, CDARS, and Certificate of Deposit Account Registry Service are service marks or registered service marks of Promontory Interfinancial Network, LLC.