Home of CDARS, ICS, and IND

Promontory Interfinancial Network, a company helping 3,000+ financial institutions thrive.

Promontory has built a network, composed of thousands of institutions, that enables each member to benefit from the power of many. Network members use Promontory’s services to help buy and sell bank assets; build profitable, multi-million-dollar relationships; manage liquidity; and/or purchase funding. Together, they have made the company the leading provider of deposit placement services.

BAP ICS CDARS IND YankeeSweep

A single point that helps buyers and sellers of bank assets to make efficient connections.
For Banks For Real Estate Brokers & Loan Sale Advisors For Other Eligible Buyers For Other Eligible Sellers For Specialty Service Providers
ICS enables financial institutions to
- Offer customers access to multi-million-dollar FDIC insurance and interest on funds placed into demand deposit accounts, money market deposit accounts, or both.
- Offer security and convenience to customers in a way that can enhance your bank’s large-dollar-relationship-building goals, replace more expensive funding, and significantly reduce collateralization.
For Banks For Depositors
CDARS allows financial institutions to
- Offer customer access to multi-million-dollar FDIC insurance (limits apply).
- Sell excess deposits to other Promontory Network members in exchange for fee income.
- Purchase funding at competitive rates without collateralization.
For Banks For Brokers-Dealers For Depositors
IND allows
- Brokerage firm managers to deliver a differentiated investment product with access to multi-million-dollar FDIC insurance.
- Brokerage firm managers to increase profit margins earned on short-term investment accounts.
- Financial institutions to obtain cost-effective wholesale funding.
- Financial institutions to access large blocks of long-term funding ($25 million to $1 billion or more) at floating rates.
For Banks For Brokers-Dealers
To learn more about Yankee Sweep,
please contact:
- Ted Hamilton
  Senior Managing Director
  Promontory Interfinancial Network, LLC
  (212) 365-6571
  thamilton@promnetwork.com