IntraFi® Network DepositsSM (formerly known as ICS® and CDARS®) enables access to multi-million-dollar FDIC insurance on funds placed into demand deposit accounts, money market deposit accounts, or CDs—all through a single bank relationship.
Accessing millions in FDIC insurance through one bank doesn’t just help cash managers protect funds; It also enables them to more easily comply with investment-policy mandates, forego requirements for tracking collateral, and avoid uninsured deposits they would otherwise have to footnote in financial statements.
In addition, by placing funds in community banks that offer IntraFi Network Deposits, cash managers can support local lending opportunities,1 while earning a return that may compare favorably to Treasuries and money market mutual funds.
These are some of the key reasons why thousands of government entities, nonprofits, high-net-worth individuals, and other safety-conscious depositors use IntraFi Network Deposits to place billions of dollars every week.
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Hear from our customers.
I was looking for a flexible investment vehicle that I could use for a special need we had. With [IntraFi Network Deposits], I found safety, flexibility, and yield—all in one place!
Al Braithwaite
I like that I can log in [to the Depositor Control Panel] and see where funds are and can show a client to explain how more than $250K is insured. It’s nice to pull up a website and show them where their money is, even if in 25 different banks overnight.
VP
I’m comfortable we are protected [with IntraFi Network Deposits]. The money was sitting in a non-interest account. Watching interest come in was lovely. And we need to have access to cash quickly. Some restricted, some operational, some for purchase of land. We account for that separately in house but it’s all lumped into one account for interest purposes.
Operations Director
[1] When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use IntraFi Network Deposits, 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. Alternatively, with a depositor's consent, your bank 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.
