Do you have deposits totaling more than $250,000? Safeguarding your funds remains a top priority of ours, which is why we have partnered with IntraFi/CDARS – to bring our customers peace of mind, knowing funds placed in this product have access to millions of dollars in aggregate FDIC insurance across network banks, backed by the full faith and credit of the U.S. Government.
ICS®, the IntraFi Cash ServiceSM, and CDARS® are smart, convenient ways to safeguard your large deposits. With ICS®, your funds are placed into money market deposit accounts. With CDARS®, funds are placed into CDs (Certificate of Deposit). The best part – you can feel good knowing that the full amount of your funds placed through ISC and CDARS can stay local to support lending opportunities that build a stronger community.*
ICS is a trusted, tested product used by thousands of businesses, government entities, and institutional investors across the nation for cash management needs. Enjoy daily liquidity on funds placed through ICS and earn interest at a rate set by our bank. Rates often compare favorably to treasuries and government money market mutual funds and avoid the risks associated with prime money market funds. Record keeping is transparent, detailed, and simple—view balances online, 24/7, and receive just one regular statement. And, of course, your confidential information remains protected. Ask us about ICS today.
CDARS is a trusted, tested product used by thousands of businesses, government entities, and institutional investors across the nation for cash management needs. With CDARS, funds are placed into CDs and earn interest at a rate set by our bank. Rates often compare favorably to treasuries and government money market mutual funds and avoid the risks associated with prime money market funds. Recordkeeping is transparent, detailed, and simple—view balances online, 24/7, and receive just one regular statement. And, of course, your confidential information remains protected. Ask us about CDARS today.
Do you want peace of mind with your deposits over $250,000?
Fill out our Contact Form, or call (734) 475-1355 to learn more, today!
Deposit placement through an IntraFi service is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through an IntraFiservice at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks. The depositor may exclude banks from eligibility to receive its funds. To meet conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA before settlement for deposits or after settlement for withdrawals. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through an IntraFi service satisfies any restrictions on its deposits. IntraFi; the IntraFi logo; CDARS; and One Bank, One Rate, One Statement are registered trademarks of IntraFi LLC
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