Safeguarding your organization’s funds is a top priority. If your business has more than $250,000 to protect, know that Core Bank offers IntraFi® Network Deposits. With Insured Cash Sweeps (ICS®) and Certificate of Deposit Account Registry Service (CDARS®), you can access multi-million-dollar FDIC protection by working directly with Core Bank. This solution offers customers access to multi-million-dollar FDIC insurance, yield, flexibility and more.
- Enjoy peace of mind. Funds placed have access to millions of dollars in aggregate FDIC insurance across network banks, backed by the full faith and credit of the U.S. government. And, as bank deposits, the funds are not subject to floating net asset values, liquidity fees, or money market mutual fund liquidity gates, so you can rest assured knowing that market volatility will not lead to a loss of principal.
- Earn a smart return. Funds placed through ICS may earn returns that compare favorably to Treasuries and government money market mutual funds.
- Bask in the ease. Eliminate ongoing collateral-tracking requirements, footnoting uninsured deposits in financial statements, and manually consolidating multiple accounts –freeing up more time to accomplish your organization’s goals.
- Get the transparency you want. Check demand deposit account and money market deposit account balances and other key information online, 24/7, and receive detailed, monthly statements.
- Manage liquidity. Enjoy access to funds placed into demand deposit accounts and money market deposit accounts.
- Support your community. Feel good knowing that the full amount of your funds placed through ICS can stay local to support lending opportunities that build a stronger community.
Plus, enjoy the convenience of working directly with us, a bank you already know and trust. From business checking accounts to complete treasury services, Core Bank is here to help simplify the day-to-day needs of every business owner. Find the services you need today.
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 IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.