Worried about the impact of money market fund reform on your organization’s portfolio?
Bank Safe, Bank Smart®
ICS®, the Insured Cash Sweep® service, is an excellent cash management alternative to prime money funds (as well as repurchase agreements and other traditional investment vehicles). A daily sweep eligible for multi-million-dollar FDIC insurance, Insured Cash Sweep has no floating NAV to track and no liquidity fees or money market mutual fund (MMMF) redemption gates to worry about (no ongoing collateral-tracking burdens either!).
Enjoy peace of mind: Rest assured knowing that your organization's funds are eligible for multi-million-dollar FDIC protection. Also, your organization can make unlimited program withdrawals and can do so without fees, enjoying full liquidity on its deposits.
Save time and enjoy the ease: Work directly with just one bank to secure your company's funds and put aside ongoing tracking burdens.
Earn a return: Put excess cash to work in demand deposit accounts.
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. Unlimited program withdrawals are available with ICS only when using the ICS demand option. Bank Safe, Bank Smart; ICS; and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.