Keep public funds safe and working for your community. 

With ICS^® and CDARS^®, the full amount of your large deposit can be used for local lending.¹ This community benefit is among the many reasons why government finance officers across the nation choose the services. Your organization can use ICS and CDARS to access multi-million-dollar FDIC insurance on funds placed into demand deposit accounts, money market deposit accounts, or CDs.

Peace of mind and protection against market loss and money market mutual fund restrictions

Enjoy multi-million-dollar FDIC insurance eligibility through a single bank relationship. And, you can rest easy knowing that ICS and CDARS are not subject to floating net asset values. As a result, market volatility will not negatively impact account value.

Time savings

By providing access to FDIC insurance, ICS and CDARS can help your organization comply with investment policy mandates and avoid the hassles associated with ongoing collateral-tracking or having to footnote uninsured deposits in financial statements.

Potential to earn an attractive return

Earn interest at a rate set by the participating institution of your choice. Rates often compare favorably to Treasuries and government money market mutual funds, and you can avoid the risks associated with prime money market mutual funds.

[1] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in IntraFi's network of financial institutions, a bank can use the full amount of a deposit placed through ICS or CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with the depositor‘s consent, a bank may choose to receive fee income instead of deposits from the banks. 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. IntraFi Network, Network Deposits, and the IntraFi hexagon are service marks, and IntraFi, the IntraFi logo, ICS, and CDARS are registered service marks, of IntraFi Network LLC.