A secure, convenient way to access multimillion-dollar FDIC protection on large deposits while earning a return and maintaining liquidity.
Peace of mind.
Know that money market deposits well into the millions are fully insured. Because deposit accounts aren’t subject to floating net asset values, your principal balance is never at risk.
Tiered interest.
The full balance of your money market account will continue to earn our tiered interest rate.
Simplicity.
Work directly with us and avoid opening multiple accounts with multiple institutions to protect deposits over $250,000. Forego the need to manually consolidate statements and disbursements from multiple banks. 1
Liquidity.
Enjoy the freedom to access funds placed into your money market account(s) whenever necessary.
Community support.
Feel good knowing that the full amount of funds placed through ICS stays local, supporting lending opportunities within our community. 2
1 If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through ICS or CDARS, or a particular ICS or CDARS transaction, satisfies those restrictions.
2 When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS or CDARS, our bank can use the full amount of a deposit placed through ICS or CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“ SMDIA ”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA ( e.g. , before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks . The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.
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