CDARS & ICS

CDARS® and cash sweeps take your earnings higher — without making you work harder. It’s a win-win for your business.

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Get full FDIC protection on your high-dollar CD deposits. CDARS distributes your funds over $250,000 into CDs across different financial institutions.

While your investment earns competitive interest, your funds remain secure — and you’ll only ever receive statements from The Tri-County Bank. Put your higher balances to work, and let us do the work for you.

  • Interest above standard savings, which may compare favorably with other investment alternatives1
  • Full FDIC insurance on deposits up to $50 million
  • All CD investments managed through a single relationship
  • Excellent personal service
  • Flexible maturity periods available
  • Interest paid directly to you or an account you designate
  • A single monthly statement with detailed listing
  • Annual tax summary is consolidated in one report
  • Effortless solution to save time and money managing accounts

Enjoy peace of mind with full FDIC protection on your high-dollar deposits. ICS distributes your funds over $250,000 into demand deposit accounts across different financial institutions.

Your funds remain secure as they earn competitive interest — and you’ll only ever receive statements from The Tri-County Bank. Put your higher balances to work with this convenient service that does the work for you.

  • Enjoy increased coverage while also benefiting from increased access to funds and higher returns than other savings options
  • Interest above standard savings, which may compare favorably with other investment alternatives
  • Greater security; multi-million dollar FDIC insurance coverage
  • Convenience; everything is managed internally by The Tri-County Bank:
    • One interest rate
    • One regular statement
    • One year-end tax form
  • Less administrative burden than other collateralized deposits and repo sweep options
  • Insured Cash Sweep Demands (ICSD) – Includes unlimited program withdrawals and deposits funds to demand deposit accounts
  • Full FDIC coverage on amounts up to $50 million

How It Works

  • Sign the agreements, use an existing checking or other transaction account (or set one up), and deposit your funds
  • Funds in excess of $250,000 are sent to other ICS network banks in amounts less than $250,0002
  • Each individual deposit receives interest, plus full FDIC backing
  • As a result, you access FDIC insurance coverage from many institutions while working directly with only your bank
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1Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. IntraFi, CDARS, Certificate of Deposit Account Registry Service, ICS, IntraFi Cash Service, IND, Yankee Sweep, One-Way Buy, and One-Way Sell are registered service marks, and the IntraFi logo are service marks, of IntraFi Network, LLC.

2Deposits are sent to demand deposit accounts. The standard FDIC insurance maximum is $250,000 per insured capacity, per bank.