CDARS & ICS
enjoy access to multi-million-dollar FDIC insurance
Enjoy access to multi-million-dollar FDIC insurance and a return on funds placed into demand deposit accounts, money market deposit accounts, or both.
A depositor is responsible for excluding from eligibility to receive its funds through CDARS or ICS any FDIC-insured depository institution at which it has other deposits in the same insurable capacity. Use of the CDARS and ICS 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 savings option. ICS, Insured Cash Sweep, CDARS, Certificate of Deposit Account Registry Service, IND, Insured Network Deposits, and Yankee Sweep are registered service marks of Promontory lnterfinancial Network, LLC. The Promnet Repo service is provided by Assetpoint Financial, LLC, a wholly owned subsidiary of Promontory Interfinancial Network, LLC, and a member of FINRA and SlPC. Use of the Promnet Repo service is subject to the terms, conditions, and disclosures set forth in the applicable agreements, including the Promnet Repo Service Agreement. Assetpoint Financial, LLC does not purchase or sell any securities in connection with repurchase agreement transactions effected using the Promnet Repo service. Funds invested in repurchase agreement transactions are not FDIC insured.
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