What is ICS℠?
ICS℠, or the Insured Cash Sweep® service, is a smart, secure, and convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy liquidity. You no longer have to choose between these important goals.
With the ICS service, you can:
- Rest assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
- Earn interest. Put excess cash balances to work by placing funds into demand deposit accounts.
- Enjoy liquidity. Make unlimited program withdrawals.
- Save time. Work directly with just our bank – a bank you know and trust.
Contact us 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. ICS allows for unlimited program withdrawals only when using the ICS demand option. Insured Cash Sweep is a registered service mark, and ICS is a service mark of Promontory Interfinancial Network, LLC.
