IntraFi's network enables financial institutions to offer depositors access to FDIC insurance for their large-dollar deposits, all through a single financial relationship. This level of security is otherwise cumbersome or very costly to achieve.
Find a Financial Institution
ICS® and CDARS® are offered by thousands of financial institutions nationwide.
Our network leverages the institutional strength of Wall Street and the community presence of Main Street to bring the largest per-depositor FDIC eligibility available through a single financial relationship.
IntraFi’s solutions, offered through participating financial institutions, give depositors the safety of FDIC insurance for deposits small and large and the ease of continuing to bank with their trusted institution.
Earn interest at a rate set by the participating institution of your choice. ICS® and CDARS® rates often compare favorably to Treasuries and government money market mutual funds (MMMFs) and avoid the risks associated with prime MMMFs.
When your funds are placed through IntraFi’s reciprocal offerings, you are not just receiving crucial protections — you’re also keeping the full amount of your deposits local to help fund lending in the community.¹
At IntraFi, we believe that security and opportunities for success should be as simple and as streamlined as possible. Participating financial institutions provide detailed reporting and can help depositors protect and grow their funds.
Socially responsible banking.
Protect your deposits and help underserved communities. You want to make a difference in communities that need it most, but you also want to make sure your funds are safe. Why not do both? With solutions from IntraFi, you can! Access multi-million-dollar FDIC insurance, earn a return, and help make communities economically stronger and healthier.
What depositors are saying.
ICS came in and its been amazing. And we’re getting more money out of the sweep than money markets originally. Sweep makes so much sense. We cut checks once a week. We don't have to think about it [managing the process]. It has helped to solidify our relationship with our bank. Also I have been with lots of banks here [at my chosen local bank] I can get someone on the phone at any time. Don’t have to have to talk to 18 different people. I can get one person. And when I get someone on the phone, they're there.
CFO
Upon joining the county treasurer’s office, I was intrigued to learn that a portion of the county’s funds were placed through CDARS. I quickly appreciated the security and ease of placing large deposits through a single bank while keeping the money FDIC insured, and have since added the ICS serivce as well. CDARS and ICS free up the capital of smaller banks to finance community growth while still allowing them to accept our larger deposits. We can support the prosperity of the community while investing the taxpayers’ money competitively and safety through a community bank. A winning combination.
Carla J. Manning
We need things as simple as simple can be. That’s how we started with [ICS and CDARS]. Been with them since 2008.
Finance Manager
[1] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in IntraFi's network of financial institutions, your bank can use the full amount of a deposit placed through ICS and CDARS for local lending, satisfying some depositors’ local investment goals or mandates.
Deposit placement through IntraFi’s deposit placement services is subject to the terms, conditions, and disclosures in the program agreements. Limits apply and customer eligibility criteria may apply. ICS program withdrawals may be limited to six per month for money market deposit accounts. Deposits are placed at destination institutions in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination institution. Using multiple destination institutions provides access to aggregate insurance amounts across institutions that are multiples of the SMDIA. Although deposits are placed at destination institutions in amounts that do not exceed the SMDIA at any one destination institution, a depositor’s balances at the relationship institution that places the deposits 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 an insured depository institution). 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 deposits of its funds, the depositor is responsible for determining whether deposit placement through IntraFi’s services satisfies those restrictions. A list identifying IntraFi network banks may be found at https://www.intrafi.com/network-banks. The depositor may exclude particular insured depository institutions from eligibility to receive the depositor’s funds.
