WHY ICS AND CDARS

ICS®, or the Insured Cash Sweep® service, and CDARS® offer smart, secure, and convenient ways for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility.

With ICS and CDARS, you can:

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REST ASSURED

Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.


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EARN INTEREST

Ask us about the returns you can earn. With ICS, funds can be placed into demand deposit accounts (using the demand option), money market deposit accounts (using the savings option), or both. With CDARS, funds are placed into CDs. And with ICS and/or CDARS, you enjoy the conveniences of banking directly with us and of earning one interest rate per service option.1


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SAVE TIME

Work directly with just us—a bank you know and trust—to access multi-million-dollar FDIC insurance, and forego the need to use repo sweeps or to track collateral on an ongoing basis.2


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ACCESS FUNDS

With ICS, enjoy unlimited withdrawals using the demand option, or up to six program withdrawals per month using the savings option. With CDARS, select from a range of maturities (4 weeks, 13 weeks, 26 weeks, 52 weeks, 2 years, 3 years, and 5 years).


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SUPPORT YOUR COMMUNITY

Feel good knowing that the full amount of your funds placed through ICS and/or CDARS can stay local to support lending opportunities that build a stronger community.2


[1] One interest rate per CD maturity when using CDARS.

[2] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the Promontory Network, a bank can use the full amount of a deposit placed through ICS or CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositors’ consent, and if authorized under state law, a bank may choose to receive fee income instead of deposits from the banks. Under these circumstances, deposited funds would not be available for local lending.