Twin Cedars Bank

FDIC Protection on Large Deposits

FDIC Insurance Cash Sweep


Want to Insure all your money in one account above the $250,000 FDIC Insurance Limit?

Access FDIC Insurance coverage above $250,000 through one bank relationship.

Insured Cash Sweep (ICS) service is a smart, secure, and convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility. ICS deposits are sent to demand deposit accounts or money market deposit accounts at other ICS Network banks.

With ICS accounts you can:

  • Rest Assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
  • Earn Interest. Put excess cash balances to work by placing funds into demand deposit accounts using the ICS demand option or into money market deposit accounts using the ICS savings option.
  • Save Time. Work directly with just our bank – a bank you know and trust. Forego opening accounts under different insurable capacities or managing multiple bank relationships. Receive just one monthly statement from us summarizing your account activity and balances. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis.
  • Access Funds. Enjoy unlimited withdrawals using the ICS demand option, or make up to six program withdrawals per month using the ICS savings option. Your funds can be placed using either or both ICS options to best match your cash management and liquidity needs.


ICS Account Frequently Asked Questions

What is an ICS deposit?

Through an ICS, you can earn interest on funds placed into demand deposit accounts, money market deposit accounts, or both, and rest assured knowing that your ICS funds are eligible for multi-million dollar FDIC insurance.

You can also enjoy unlimited program withdrawals or up to six program withdrawals per month.

How does banking with ICS work?

When you bank places funds for you using ICS, your deposit is sent from your transaction account at Twin Cedars Bank into deposit accounts at other ICS Network banks in amounts below the standard FDIC insured maximum of $250,000. This makes your funds eligible for FDIC insurance protection.

As a result, you can access FDIC insured coverage from many institutions while working directly with Twin Cedars Bank.

How do I keep track of my ICS account balance?

With an ICS account, you will receive regular monthly statements from Twin Cedars Bank for each option showing your ICS deposit balances and other key information.

Additionally, you can check your ICS statement and track important information of interest to you online anytime through a specially designed Depositor Control Panel.

Is my information secure with an ICS?

Your confidential financial information remains protected with an Insured Cash Sweep and backed by FDIC insurance.

How do I begin using the ICS service with Twin Cedars Bank?

To get started with your ICS account, you’ll first need to sign an ICS Deposit Placement Agreement and a custodial agreement with Twin Cedars Bank.

After this, you will identify a checking account or other transaction. You may select an existing account or set up a new one to be used with each ICS option you choose.

Then, you will place funds through the Insured Cash Sweep by working directly with Twin Cedars Bank. We will do the legwork without charging customers any fees. Based on the ICS option you select, funds will be sent between your account(s) at Twin Cedars Bank and demand deposit accounts and/or money market deposit accounts at other ICS Network Institutions.*



*Based on triggering events as set forth in the ICS Deposit Placement Agreement you enter into with our bank.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFinetwork banks appears at The depositor may exclude banks from eligibility to receive its funds. IntraFiand ICS are registered service marks, and the IntraFihexagon and IntraFilogo are service marks, of IntraFiNetwork LLC.

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