Build Multi-Million-Dollar Relationships

ICS®, CDARS®, IND®, and Yankee Sweep® can help Promontory Network members build multi-million-dollar relationships and better serve their customers – all while enhancing their profitability.

ICS and CDARS enable financial institutions to offer their customers access to multi-million-dollar FDIC insurance and a return on funds placed into demand deposit accounts (using the ICS demand option), money market deposit accounts (using the ICS savings option), and/or CDs (using CDARS).

Banks can use ICS and CDARS to repurpose funds previously invested in collateral into higher-earning assets, attract large-dollar relationships that can help build franchise value, provide cheaper funding to support other initiatives (such as lending), and, by using CDARS, can offer a hedge for the future against higher cost of funds.

Broker-dealers can use ICS and CDARS to attract and retain relationships as well. Specifically, they can differentiate themselves from other broker-dealers and meet customer needs by offering their customers access to FDIC protection above $250,000. They can also control their margins and may be able to earn higher total commissions than with Treasuries while doing so.

And both banks and brokers can use CDARS to encourage customers to consolidate funds through a single relationship and to expand cross-selling opportunities.

Broker-dealers can use IND, or Insured Network Deposits®, and Yankee Sweep to better serve their customers by providing them with a sweep service for their cash balances.

IND is the industry’s leading multi-bank, FDIC-insured deposit sweep service. Financial institutions, such as broker-dealers and custodial agents, can use IND to

  • offer customers access to multi-million-dollar FDIC insurance on their cash account balances;
  • tier the rate offered to various customer segments, if they wish to do so;
  • replace existing money market mutual fund sweep accounts; and/or
  • control the margin earned from the service.

Read what our Network members and their customers are saying about ICS and CDARS.

Case studies showcase the successes Network members have had using ICS, CDARS, and IND.

Learn more about how banks can use ICS and CDARS.

Learn more about how broker-dealers can use ICS and CDARS.

For more information about ICS, please visit the ICS Frequently Asked Questions page or contact us.

For more information about CDARS, please visit the CDARS Frequently Asked Questions page or contact us.

For more information about IND, please contact us.


Use of the ICS and CDARS services is subject to the terms, conditions, and disclosures set forth in the applicable program agreements, including the applicable Participating Institution Agreement and Deposit Placement Agreement. Limits apply, and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. ICS, CDARS, IND, Insured Network Deposits, and Yankee Sweep are registered service marks of Promontory Interfinancial Network, LLC.