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ICS for Depositors

ICS®, the Insured Cash Sweep® service, is a smart, secure, and convenient way to invest your large deposits.

With ICS, you can

  • earn interest on ICS funds placed into demand deposit accounts using the demand option or into money market deposit accounts using the savings option;
  • enjoy peace of mind knowing your ICS funds are eligible for multi-million-dollar FDIC insurance that’s backed by the full faith and credit of the United States government (remember, no one has ever lost a penny of FDIC-insured deposits);
  • access funds knowing that the ICS demand option offers unlimited program withdrawals and the ICS savings option offers up to six program withdrawals per month (on top of the daily liquidity associated with your transaction account); and
  • potentially support lending initiatives, including special development projects that strengthen your local communities.

Your funds can be placed using either or both ICS options to best match your cash management and liquidity needs.

Who can benefit from ICS?

Businesses, nonprofits, and other large-dollar, safety-conscious depositors can place funds through ICS. Find a financial institution that offers ICS and safely put your money to work!

Read testimonials to learn more about how customers are successfully using ICS.

For more information, visit insuredcashsweep.com.

Placement of customer funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that a participating institution's customer enters into with that institution. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month when using the ICS savings option.