Insured Cash Sweep
Insured Cash Sweep
ICS, or our Insured Cash Sweep service, is a smart, secure, and convenient way for bank customers to earn a return and access multi-million-dollar FDIC protection on large savings deposits. You don’t have to choose between one or the other — contact us today to learn more about our ICS service.
Summary
- Put excess cash balances in your checking or NOW account to work in money market deposit accounts
- Enjoy increased coverage while also benefiting from increased access to funds and higher returns than other savings options
- Interest above standard savings, which may compare favorably with other investment alternatives
- Greater security; multi-million dollar FDIC insurance coverage
- Save time by working directly with just our bank — the bank you know and trust
- Less administrative burden than other collateralized deposits and repo sweep options
Interested? Reach out to us to learn more.