CDARS & ICS

Smart Cash Management

With the ICS, or Insured Cash Sweep, service and CDARS, you can enjoy the peace of mind that comes with access to multi-million-dollar FDIC insurance and you can choose the service or combination of services that best meets your needs for returns and access to funds. Now that's smart.

Earn Interest

Ask us about the returns you can earn. With ICS, funds can be placed into demand deposit accounts (using the demand option), money market deposit accounts (using the savings option), or both. With CDARS, funds are placed into CDs. And with ICS and/or CDARS, you enjoy the convenience of banking directly with us and earning one interest rate per service.¹

Enjoy Peace of Mind

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 federal government. No one has ever lost a penny of an FDIC-insured deposit.

Access Funds

With ICS, enjoy unlimited withdrawals using the demand option or up to six program withdrawals per month using the savings option. With CDARS, select from a range of maturities (4 weeks, 13 weeks, 26 weeks, 52 weeks, 2 years, 3 years, and 5 years).

Save Time

Work directly with just us - a bank you know and trust - to access multi-million-dollar FDIC insurance, and forego the need to use repo sweeps or to track collateral on an ongoing basis.

Support Your Community

Feel good knowing that the full amount of your funds placed through ICS and/or CDARS can stay local to support lending opportunities that build a stronger community.²

How do ICS and CDARS work?

Institutions, like ours, that offer ICS and CDARS are members of a special Network. When we place your deposit through the ICS and/or CDARS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed in demand deposit accounts (using the ICS demand option), money market deposit accounts (using the ICS savings option), and/or CDs (using CDARS) at multiple banks. As a result, you can access coverage from many institutions while working directly with just one.

You work directly with our bank's service team. And you receive one monthly statement from our bank for each service in which you participate. As always, your confidential information is protected.

Want to learn more? Call us at 800.843.4947 today!

¹ One interest rate per CD maturity date when using CDARS.
² When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS, our bank can use the full amount of a deposit placed through ICS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.