Through our ICS® (or Insured Cash Sweep) service, your public unit can access multi-million-dollar FDIC insurance on funds placed into money market deposit accounts.
Through ICS, you can:
Work directly with just us―an institution you already know and trust―to access coverage from many, receive just one regular statement, and know that your confidential information remains protected.
Placement of your funds through the ICS service is subject to terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you enter into with us. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month when using the ICS savings option. If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether the placement of your funds through ICS, or a particular ICS transaction, satisfies those restrictions. ICS and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.