ICS (Insured Cash Sweep):
Access multi-million dollar FDIC insurance in Illinois on large, interest-bearing
money market deposits.
How can ICS benefit you?
Enjoy peace of mind.
Know that ICS funds are eligible for protection that is backed by the full faith and credit of the federal government.
Put excess cash balances to work in savings accounts (money market deposit accounts).
Maintain access to funds.
Withdraw ICS funds up to six times per month.
By providing access to FDIC insurance up to $110,000,000 through a single bank relationship, ICS can help individuals, businesses or public companies receive 100% insurance on large deposits, liquidity, interest on money market deposits).