ICS® and CDARS® Testimonials

I was looking for a flexible investment vehicle that I could use for a special need we had. With ICS and CDARS , I found safety, flexibility, and yield—all in one place!

Al Braithwaite
Director of Administrative Services
City of Oldsmar, FL




Upon joining the county treasurer’s office, I was intrigued to learn that a portion of the county’s funds were placed through CDARS. I quickly appreciated the security and ease of placing large deposits through a single bank while keeping the money FDIC insured, and have since added the ICS service, as well. CDARS and ICS free up the capital of smaller banks to finance community growth while still allowing them to accept our larger deposits. We can support the prosperity of the community while investing the taxpayers’ money competitively and safely through a community bank. A winning combination.

Carla J. Manning
Payne County Treasurer
Stillwater, OK




Our school system has utilized the CDARS service for years and is very pleased about the addition of the ICS service. With CDARS, we have access to FDIC insurance on our funds that are invested for a longer timeframe while meeting our investment policy mandates and earning CD-level returns. With ICS, we can protect and invest our funds on a shorter-term basis while earning a return. CDARS and ICS combined provide us with an efficient cash management solution.

Doris Gasper
Business Manager at Beloit Schools District 273
Beloit KS




We face the important, but cumbersome task of making certain that our deposits are eligible for protection. To do so, we required our bank to pledge millions of dollars of collateral. It was our responsibility to track the changing values of that collateral every day. Now, thanks to Capitol Bank, we discovered ICS. By placing our funds through ICS, our funds are eligible for FDIC protection beyond $250,000 and earn interest—both of which really benefit us and local taxpayers. The best part is that Capitol Bank can use our deposits to fund local lending and economic growth. And the recurring burden of tracking collateral values is gone. The service is truly a benefit for us.

Cindy Engelke
Finance Director
Verona, WI




With ICS, our town can access multi-million-dollar FDIC insurance protection, as well as earn interest. Plus, our bank can make these funds available for investment within the local community.

Stan Harmon
Finance Director
Bar Harbor, ME




I have found participation in the CDARS [service] to be simple and a time saver. We earn very competitive interest rates on our investments while freeing up staff time. We were in the CDARS [service] during our last audit and passed with flying colors!

Christine J. Johnson
Treasurer, DeKalb County
DeKalb County, IL




I’m comfortable we are protected [with ICS]. The money was sitting in a non-interest account. Watching interest come in was lovely. And we need to have access to cash quickly. Some restricted, some operational, some for purchase of land we account for that separately in house but it’s all lumped into one account for interest purposes.

Operations Director, Land Conservancy




I like that I can log in [to the ICS Depositor Control Panel] and see where funds are and can show a client to explain how more than $250K is insured. It’s nice to pull up a website and show them where their money is, even if in 25 different banks overnight.

VP Finance, Religious-Based Fund


We use [local bank] instead of a large bank because it is high touch and they have a presence here in [local city]. They are smaller, but [with ICS and CDARS] feel big.

COO/CFO, Investment Advisory (Trust Accounts)




[My boss] has an ‘on top of it’ philosophy. ICS gives us a single statement and we know we’re protected, and where the money has been transferred to. The service was made for someone like him.

Business Manager, Insurance Company




We need things as simple as simple can be. That’s how we started with [ICS and CDARS]. Been with them since 2008.

Finance Manager, Large Trucking Company




An important motivator in our using a single bank is that the business is a cash business, and every day we must make trips to the bank, as the company collects money from customers on a daily basis.Many still pay in checks. Having one bank to work with [using ICS and CDARS] makes it much easier.

President, Wine and Spirit Importer




All the work is done on institution’s part and not ours [with ICS]. One less thing I have to do. It’s all under one roof but not under one roof. [My bank rep] was able to bring everything under one bank. So wonderful.

VP, Healthcare Industry Vendor




I love it [ICS]. It tells me where our money is. We keep a minimum $150k in checking. After $200K, it moves the cash around seamlessly. I could not be happier with how the sweep works. Keeps us liquid and protected,and interest bearing, the best of both worlds. And the [ICS and CDARS] statementsreconciling is so easy QuickBooks syncs with our bank, so it shows up in QuickBooks and clearly shows interest earned and posts.

Accounting Manager, Prep School




ICS came in and it’s been amazing. And we’re getting more money out of the sweep than money markets originally. Sweep makes so much sense. We cut checks once a week. We don't have to think about it [managing the ICS process]. It has helped to solidify our relationship with our bank. Also I have been with lots of banks here [at my chosen local bank] I can get someone on the phone at any time. Don't have to have to talk to 18 different people. I can get one person. And when I get someone on the phone, they're there. The large banks treat you like a cattle car.

CFO, Industrial Pump Distributor

Find an Institution