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With these two services, you can work directly with Community Bank to access millions in aggregate FDIC insurance across network banks. You’ll receive one statement, maintain a single relationship with one bank, and earn interest without manually managing multiple accounts.
Note: A list identifying IntraFi Network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply.
Through economic ups and downs, no depositor has ever lost a penny of funds placed through CDARS or ICS.
Enjoy daily access to funds placed through ICS. CDARS offers a range of CDs with a range of maturities.
Risk-averse depositors do not have to sacrifice safety for returns. Put your funds to work. Both services can offer returns comparable to those earned on Treasuries and government money market mutual funds.
Stay confidently in control with statements that show balances, transactions, interest and other important details associated with your deposit accounts. See account balances and accrued interest for CDARS and ICS, 24/7, with an online dashboard. Also, for ICS, see which banks hold your funds.
Feel good knowing that the full amount of your funds placed through CDARS and ICS can stay local to support lending opportunities that build a stronger community.1
CDARS and ICS are the most widely used deposit network services in the nation, providing access to FDIC insurance. With these two services, you can enjoy the largest per-depositor FDIC insurance eligibility available through a single financial relationship.
With CDARS and ICS, you can enjoy access to millions of dollars in aggregate FDIC insurance across network banks. You place your funds in CDs (CDARS) or accounts (ICS) that offer the returns and maturities you seek.
A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.
The FDIC insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at each FDIC-insured depository institution. Banks that offer IntraFi’s services are members of IntraFi’s network of financial institutions. When your funds are placed through the services, they are divided into amounts under the standard FDIC maximum of $250,000 and placed with other network members – each an FDIC-insured institution. Your deposits are placed in a manner that makes them eligible for FDIC insurance at each member bank. By working directly with one network member, you can access insurance through many.
Funds placed through CDARS and ICS are deposited only at FDIC-insured institutions. We act as custodian for your deposits placed, and The Bank of New York Mellon acts as sub-custodian.
Through CDARS and ICS, funds are placed in deposit accounts in amounts less than the FDIC insurance maximum at members of IntraFi’s network of financial institutions, and those network members provide you with access to the additional FDIC insurance coverage. Working directly with just one bank, you can access coverage through many FDIC-insured institutions.
Your confidential information remains protected; your relationship remains between you and us.
Learn more about how these products work.
Our friendly, local team of bankers is here for you!
1 When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the IntraFi network, our bank can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, the institution placing funds 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.
Deposit placement through an IntraFi service is subject to the terms, conditions and disclosures in applicable agreements. Deposits that are placed through an IntraFi service at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks. The depositor may exclude banks from eligibility to receive its funds. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA 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 an IntraFi service satisfies any restrictions on its deposits. IntraFi, the IntraFi logo, ICS, CDARS, and One Bank, One Rate, One Statement are registered service marks of IntraFi LLC.
