Why stop at $250,000 when you can make every dollar—tens of millions of dollars or more—eligible for FDIC insurance through a single bank or brokerage firm relationship?
Enjoy the beneﬁts of One Bank, One Rate, One Statement® and the freedom to shrug your shoulders at volatility. With Insured Cash Sweep®, or the ICS® service, you can access FDIC insurance on large deposits placed into demand deposit accounts, money market deposit accounts, or both. Or, use CDARS® to protect deposits placed into CDs.
So go ahead: Earn a return, enjoy peace of mind, and insure your legacy.
Get more information on how ICS & CDARS work plus a list of participating banks in the metro NYC area.
PROTECTING YOUR DOLLARS SO YOU CAN DO MORE
Placement of funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS or CDARS settlement for a deposit or after ICS or CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS or CDARS satisfies those restrictions. ICS; Insured Cash Sweep; One Bank, One Rate, One Statement; and CDARS are registered service marks of Promontory Interfinancial Network, LLC.