Based on the overall success of its newest service and the strong placements made in the wake of TAG’s expiration, Promontory has once again raised its ICSSM limits. ICS, a variation of the CDARS® service, enables banks to offer access to multi-million-dollar FDIC insurance on funds placed into demand deposit accounts, money market deposit accounts, or both. As such, ICS can help banks to attract high-value relationships, retain TAG customers, replace higher-cost funding, and reduce collateralization costs while improving asset liquidity. Contact us at (866) 776-6426 to learn more about ICS, including how your institution can try it for free.
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