With an Insured Cash Sweep® (ICS) Account, you get the highest level of FDIC insurance benefits and protection. It’s simple, place a deposit and we make sure you get the protection you need.

How do ICS accounts work to protect your money?

  • Banking institutions partner together to shelter your funds across money market accounts in amounts lower than the standard FDIC insurance maximum of $250,000
  • Because all accounts have $250,000 or less, both principal and interest are insured by the FDIC
  • You can view and manage your accounts from a single location in our online banking platform


ICS enables you to optimize your savings performance

  • Re-purpose funds into higher earning assets via Money Market or Demand Deposit accounts
  • Eliminate the burden of tracking multiple deposit vehicles
  • View your daily balance, activity and transaction information online
  • Enjoy cash flow options of frequent large deposits and unlimited/high-limit program withdrawals
  • Get FDIC insurance coverage for up to $100 million

Use accounts with fixed interest rates – Certificate of Deposit Registry (CDARS)

  • Funds are deposited into Certificates of Deposit (CD) or Time Deposits with fixed interest rates that won’t change – even if the market does
  • Deposits are made in increments of $250,000 so both principal and interest are FDIC insured