Through ICS, the Insured Cash Sweep® service, you can earn interest on funds placed into money market deposit accounts, enjoy up to six program withdrawals per month, and rest assured knowing that your ICS funds are eligible for multi-million-dollar FDIC insurance that’s backed by the full faith and credit of the United States government.
- Earn Interest - Put excess cash balances to work in money market deposit accounts (MMDAs).
- Maintain Access to Funds - Withdraw ICS funds up to six times per month. In addition, make an unlimited number of program deposits as long as you stay within the program withdrawal limits.
- Peace of Mind - Know that your money is always on deposit in regulated FDIC-insured institutions and that you can see (online) where your funds are at all times.
- Save Time - Avoid having to work directly with multiple banks.