Business Banking
IntraFi ICS and CDARS
For businesses managing significant capital, the IntraFi Insured Cash Sweep (ICS) and Certificate of Deposit Account Registry Service (CDARS) program delivers competitive rates and a higher level of FDIC protection in single account and relationship. It’s a convenient solution when you have high liquidity, and are looking for safety, simplicity and returns.
IntraFi solutions are an easy way for high-balance depositors to have peace of mind, a single banking relationship and competitive rates.
ICS and CDARS are the best way to spread around your deposits without having to deal with multiple financial institutions.
Designed for organizations with significant cash reserves, the ICS turns your idle funds into a protected, interest-bearing asset. Instead of managing multiple banking relationships to stay insured, this account automatically sweeps funds exceeding your specific target balance into a secure network of FDIC-insured banks. You earn a competitive interest rate on every dollar while maintaining the liquidity your business requires. For organizations with a longer term horizon, CDARS provides multiple terms at competitive rates.
Features at a Glance:
- Expanded Protection: Access multi-million dollar FDIC insurance coverage through a single bank relationship.
- Competitive Yield: For ICS, earn interest on your excess funds. For CDARS, earn interest rates that may compare favorably with alternatives like Treasuries, corporate sweeps, or money market funds.
- Network Control: Customize your portfolio by managing exclusions, ensuring your funds are never placed with competitors or institutions you wish to avoid.
- Unified Reporting: Receive one consolidated monthly statement that details your aggregate balance, interest earned, and the specific location of your funds.
- Automated Sweeps: For ICS, Set a target balance for your operating account, and let the system automatically move excess funds to safety without manual transfers
- Easy Reinvestment: For CDARS, Need to roll-over your CD? We make it easy to reinvest your funds.