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.
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IntraFi® Network DepositsSM, formerly Insured Cash Sweep® and CDARS®, is 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. IntraFi Network Deposits 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 IntraFi Network Deposits, you can! Access multi-million-dollar FDIC insurance, earn a return, and help make communities economically stronger and healthier.
What depositors are saying.
[IntraFi Network Deposits] came in and it’s 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 [IntraFi Network Deposits]. I quickly appreciated the security and ease of placing large deposits through a single bank while keeping the money FDIC insured, and have since [expanded our use of the service], as well. [IntraFi Network Deposits] frees 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 [IntraFi Network Deposits]. 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 IntraFi Network Deposits for local lending, satisfying some depositors’ local investment goals or mandates.
Placement of funds through IntraFi Network Deposits is subject to the terms, conditions, and disclosures in the program agreements, including the applicable 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 money market deposit accounts. Funds 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 funds 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 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 an insured depository institution). 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. A list identifying IntraFi Network insured depository institutions at which funds may be placed through IntraFi Network Deposits may be found at https://www.intrafi.com/network-banks. As provided in the DPA, the depositor may exclude particular insured depository institutions from eligibility to receive the depositor’s funds.
