The CDARS and ICS services are designed for ease of use. With CDARS and ICS, IntraFi Network members can offer their customers convenient ways to earn interest and access multi-million-dollar FDIC insurance through a single bank relationship and then keep or sell the underlying funding based on their balance sheet/liquidity management needs. The thousands of Participating Institutions that offer CDARS or ICS comprise the IntraFi Network. IntraFi Network offers the Certificate of Deposit Account Registry Service (CDARS) and Insured Cash Sweep (ICS) to banks, which allow depositors to get access to multi-million-dollar FDIC insurance.
ICS SWEEP ACCOUNT FULL
Support Your Community – Feel good knowing that the full amount of your funds placed through ICS can stay local to support lending opportunities that build a stronger community.Access Funds – Enjoy daily liquidity in your transaction account at our bank replenish the transaction account by withdrawing ICS funds up to six times per month.Save Time – By providing access to FDIC insurance through a single bank relationship, ICS can help your public unit comply with investment policy mandates.Earn Interest – Put excess cash balances to work for you.Enjoy Peace of Mind – ICS funds are eligible for multi-million-dollar FDIC insurance that’s backed by the full faith and credit of the United States Government.Why ICS (Insured Cash Sweep)? With ICS you can: CD-Level Rates – Your money earns CD-level returns which may compare favorably with other investment alternatives, including treasuries, corporate sweep accounts, and money market funds.Community Investment – The full value of your money can support lending opportunities in your local community.Individual investors receive one year-end tax form. You earn one interest rate and receive one regular statement. Convenience – You work directly with us.Safety – Your money can receive up to $50 million in FDIC insurance coverage.Why CDARS (Certificate of Deposit Account Registry Service)? It’s one-stop shopping. ICS can be valuable for shorter-term liquid deposits. CDARS can be a valuable cash management or longer-term investment tool for you or your business. There are few guarantees in life – FDIC insurance is one of them. With CDARS/ICS, you can receive up to $50 million in FDIC protection through First Service Bank with CDARS and $150 million with ICS. Looking for a way to keep large deposits safe?
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