IntraFi Network Deposits, formerly ICS and CDARS
With IntraFi® Network DepositsSM, formerly called Insured Cash Sweep® and CDARS®, you can access millions in FDIC insurance for deposits, both large and small, and enjoy the simplicity of banking with just one trusted, local institution. Use IntraFi Network Deposits to conveniently and easily secure funds placed into demand deposit accounts, money market deposit accounts, or CDs.
Relax knowing that your funds are eligible for multi-million-dollar FDIC insurance, protection that’s backed by the full faith and credit of the United States government.
Capitalize on the simplicity of working directly with one bank, and say goodbye to managing multiple bank relationships, tracking collateral, or having uninsured deposits to footnote in financial statements.
Earn a smart return.
Earn interest and avoid the risks associated with prime MMMFs. Rates often compare favorably to Treasuries and government money market mutual funds (MMMFs).
Make communities stronger.
Feel good knowing your deposits can be used to fund lending in the local community or to help underserved communities.1
When you have deposits at a single bank in a single ownership capacity, then you have access up to $250,000 in FDIC insurance at that bank. By using IntraFi Network Deposits, you can access multi-million-dollar FDIC protection through a single bank relationship.
I'd like to talk to someone about an IntraFi Network Deposits Account.
 When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use IntraFi Network Deposits, your bank can use the full amount of a deposit placed through IntraFi Network Deposits for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, your bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
Placement of funds through IntraFi Network Deposits is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. Program withdrawals may be limited to six per month for funds placed in MMDAs. 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 settlement for a deposit or after 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. The IntraFi hexagon and Network Deposits are service marks, and IntraFi, the IntraFi Network logo, Insured Cash Sweep, ICS, and CDARS are registered service marks, of IntraFi Network LLC.