Use the Insured Cash Sweep® Service as a Convenient Cash Management Tool
ICS®, the Insured Cash Sweep service, can be used as a cash management tool that provides your organization with access to multi-million-dollar FDIC insurance on its large deposits. The Insured Cash Sweep service is an excellent cash management alternative to money market mutual funds, repurchase agreements, and other traditional vehicles. ICS offers daily liquidity with no floating Net Asset Values (NAVs), redemption gates or liquidity fees.
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 daily 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 collateral-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.