, the 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.
With the ICS service, you can
- Earn interest by putting your excess checking account or NOW account balances to work in money market deposit accounts.
- Enjoy peace of mind knowing your ICS funds are eligible for multi-million-dollar FDIC insurance.
- Save time by working directly with just our bank – the bank you know and trust.
That’s smart savings.
to learn more.
Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, you enter into with us. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month. Insured Cash Sweep is a registered service mark, and ICS is a service mark, or Promontory Interfinancial Network, LLC.