Would you like to access multi-million-dollar FDIC protection on your savings deposits? Earn interest at the same time? And be able to withdraw funds up to six times per month? Now you can — through our new Insured Cash Sweep (ICS) service.
What is ICS?
While the FDIC has a coverage limit of $250,000 for each depositor, per bank, ICS lets us partner with a network of other FDIC-insured banks to protect each customer far beyond that limit. Even a multi-million-dollar account can receive the same FDIC coverage.
The benefits of an ICS account:
- Feel good knowing that your funds are eligible for protection that’s backed by the full faith and credit of the federal government
- Put excess cash balances to work in interest-bearing savings accounts
- Withdraw ICS funds up to six times per month
- Rest assured that your money is always on deposit in regulated, FDIC-insured institutions and that you can see where your funds are at all times
Open an ICS Account
We specialize in ICS cash sweep accounts, insured liquidity management, and cash sweep services throughout Washington, DC., Maryland, and Baltimore City. For more information, or to open an account, contact one of our representatives today by calling 703.436.4740. You can also contact us online, or visit one of our locations in the DMV area.
