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ICS and CDARS

With ICS® or CDARS®, you can access multi-million-dollar FDIC protection on deposits placed in demand deposit accounts, money market deposit accounts, and CDs—all through our bank. To learn more, Contact Us.
Frequently Asked Questions
ICS and CDARS offer a smart, secure, and convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility. With ICS and CDARS, you can:
  • Rest assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
  • Earn interest. Put cash balances to work in demand deposit accounts and money market deposit accounts with ICS and in CDs with CDARS.
  • Save time. Work directly with just our bank—a bank you know and trust. Forego opening accounts under different insurable capacities or managing multiple bank relationships. Receive just one monthly statement per service from us summarizing your account activity and balances. And, if you are accustomed to collateralization, eliminate the need to track collateral on an ongoing basis.

The FDIC insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at an FDIC-insured depository institution. Institutions, like ours, that offer IntraFi Network Deposits are members of a special Network. When we place your deposit through ICS and CDARS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed in demand deposit accounts (using the demand option), money market deposit accounts (using the savings option), or CDs (using the CD option) at multiple banks. As a result, you can access coverage from many institutions while working directly with just one.
ICS offers daily access to funds and CDARS offers multiple maturities, including 4 weeks, 13 weeks, 26 weeks, 1 year, 2 years, and 3 years.
Funds placed through IntraFi Network Deposits are deposited only in FDIC-insured banks. We act as custodian for your deposits, and the subcustodian is Bank of New York Mellon (BNY Mellon). BNY Mellon is the largest custodian of funds in the world.
Institutions, like ours, that offer IntraFi Network Deposits are members of a special Network. Through IntraFi Network Deposits, funds are placed with other Network members, and those Network members provide you with access to the additional FDIC insurance coverage. Working directly with just our bank, you can access coverage through many.
You work directly with just us—the bank you know and trust. As always, your confidential information remains protected.


















Placement of funds through IntraFi Network Deposits is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the IntraFi Network Deposits savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before IntraFi Network Deposits settlement for a deposit or after IntraFi Network Deposits settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits satisfies those restrictions. IntraFi Network Deposits are registered service marks of IntraFi Network, formerly Promontory Interfinancial Network.