A Safer Way to Bank
ICS®, the Insured Cash Sweep® service, is a smart, secure, and convenient way to invest your
With ICS, you can choose a demand option, a savings option, or both, and:
Enjoy peace of mind knowing your ICS funds are eligible for multi-million-dollar FDIC insurance, protection thats backed by the full faith and credit of the United States government. No one has ever lost a penny of FDIC-insured deposits.
Earn interest on ICS funds placed into demand deposit accounts using the demand option or money market deposit accounts using the savings option.
Access funds. The ICS demand option offers liquidity through unlimited program withdrawals. The ICS savings option offers up to six program withdrawals per month. Your funds can be placed using either or both ICS options to best match your cash management and liquidity needs.
View this short video to learn how ICS works.
To view the video, you need to install Flash 7 or a higher version of this program on your computer.
Placement of customer funds through the ICS 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 ICS Deposit Placement Agreement. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month when using the ICS savings option. ICS and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.