The DDA-MMDA Option of the IntraFi Network Deposits (formerly known as ICS®, the Insured Cash Sweep® service) is a smart, convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits over $250,000 placed into money market deposit accounts.
With the IntraFiSM Network Deposits service, you can:
Rest assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
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. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis.
Earn interest. Put excess cash balances to work in interest-bearing savings accounts (money market deposit accounts).
Bank Safe, Bank Smart®