Bank Safe, Bank Smart®
Thousands of banks offer ICS. Find one near you.
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 United States government >>>
Capitalize on the simplicity of working directly with just one bank and say goodbye to managing multiple bank relationships, tracking collateral, or having uninsured deposits to footnote in financial statements >>>
Compare ICS rates to those for Treasuries and government or prime money market funds >>>
To access multi-million-dollar FDIC insurance on CD investments while working directly with just one financial institution, visit CDARS®.
Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restrictions. ICS, Insured Cash Sweep, and CDARS are registered service marks of Promontory Interfinancial Network, LLC.
© 2020 Promontory Interfinancial Network, LLC | Patents
To access multi-million-dollar FDIC insurance on CD investments while working directly with just one financial institution, visit CDARS®.