ICS℠, or the Insured Cash Sweep® service, is a smart, secure, and convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return and enjoy flexibility. You no longer have to choose between those important goals.
- Rest assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
- Earn interest. Put excess cash balances to work by placing funds into demand deposit accounts using the ICS demand option or into money market deposit accounts using the ICS savings option.
- Enjoy flexibility. Enjoy full liquidity through unlimited program withdrawals using the ICS demand option, or access funds by making up to six program withdrawals per month using the ICS savings option.
- Save time. Work directly with just our bank – a bank you know and trust.
This blog article is for informational purposes only, and is not an advertisement for a product or service. The accuracy and completeness is not guaranteed and does not constitute legal or tax advice. Please consult with your own tax, legal, and financial advisors.