With ICS and CDARS, you can enjoy the peace of mind that comes with access to multi-million-dollar FDIC insurance and can choose the service or combination of services that best meet your needs for returns and access to funds.
Put excess cash balances to work in demand deposit accounts (with the ICS demand option), money market deposit accounts (with the ICS savings option), or in CDs (with CDARS)—all interest-bearing deposits with access to multi-million-dollar FDIC insurance through a single bank relationship. Protecting your deposits while earning a return—now that’s smart.
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
Rest assured knowing that your funds are eligible for multi-million-dollar FDIC insurance protection that’s backed by the full faith and credit of the federal government. No one has ever lost a penny of an FDIC-insured deposit.
By providing access to FDIC insurance through a single bank relationship, ICS and CDARS can help your public unit comply with investment policy mandates. And with access to FDIC insurance, you can reduce ongoing collateral-tracking requirements. This means you can spend more time accomplishing your public unit’s goals.2
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).
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.3