Depositing money in your local bank can increase the amount of money that the bank can use to support the local economy.
By using a reciprocal deposit service like ICS®, the Insured Cash Sweep® service, and/or CDARS®, your bank can offer you access to FDIC insurance greater than $250,000 and make the full amount of your deposit available for lending within the community.
When customers deposit funds into a community bank, that bank can use the funds to help the community by offering small business loans, student loans and home loans.
With Insured Cash Sweep and CDARS, local banks can attract even larger deposits from safety-conscious customers and can do even more for their communities.
All of this can have a major, positive impact on a community.
The Dynamic Cycle of Community Banking
How Can Insured Cash Sweep & CDARS Help You?
Earn A Return: Earn interest on demand deposit accounts, money market deposit accounts, and/or CDs.
Enjoy Peace of Mind: Rest assured knowing that your funds are eligible for multi-million-dollar protection that is backed by the full faith and credit of the federal government. No one has ever lost a penny of FDIC-insured deposits.
Save Time: Work directly with just one bank - any participating Promontory Network member that offers ICS and/or CDARS - to access multi-million-dollar FDIC insurance on your large deposits.
Help Your Community: When you place funds through a bank that offers Insured Cash Sweep and/or CDARS, you can feel good knowing that the bank can use the full amount of your deposit to support your community.1
 When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the ICS or CDARS Network, a participating institution 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 depositor's consent to certain types of ICS and/or CDARS transactions, the banks may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.
Placement of customer funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures set forth in the agreements that a participating institution's customer enters into with that institution, including the applicable Deposit Placement Agreement. Limits apply, and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether the placement of funds through ICS or CDARS, or a particular ICS or CDARS transaction, satisfies those restrictions.
ICS, Insured Cash Sweep, and CDARS are registered service marks of Promontory Interfinancial Network, LLC.