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With IntraFi® Network DepositsSM, government finance officers can have it all.

Across the nation, public funds, such as local governments, schools, police departments, public hospitals, public utilities, and municipalities of all sizes, use IntraFi Network Deposits (formerly called Insured Cash Sweep®, or ICS®, and CDARS®) to access millions in FDIC insurance through a single bank relationship.

Funds can be placed in demand deposit accounts, money market deposit accounts, or CDs based on your government entity’s needs for liquidity and yield.

Bank local and secure multi-million-dollar FDIC insurance eligibility for taxpayer dollars.
No one has ever lost a penny of an FDIC-insured deposit. Thousands of banks offer IntraFi Network Deposits and help public unit depositors safeguard billions of dollars in taxpayer money while earning a return. Funds are placed with a local bank of your choice and can stay local to support lending opportunities that build a stronger community.

Reduce ongoing collateralization and other burdensome tasks.
When you choose IntraFi Network Deposits, you can forego requiring a bank to collateralize deposits (potentially receiving a lower rate as a result) and having to track changing collateral values on an ongoing basis. You can also eliminate having uninsured deposits to footnote in financial statements.

Manage liquidity to help meet your government entity’s operational requirements. 
Enjoy access to funds placed into demand deposit accounts and money market deposit accounts. If you choose to place funds in CDs, terms are available from 4 weeks to 3 years. You can choose the type of account that best fits your government entity’s deposit and disbursement patterns.

There is no need to sacrifice safety for returns.
Earn interest at a rate set by the participating institution of your choice. Deposits placed through IntraFi Network Deposits can earn returns that may compare favorably to Treasuries and government money market mutual funds.

A simple, streamlined customer experience frees up your time to focus on your government organization’s most important priorities.
Work directly with just one bank to secure funds and say goodbye to having to manually consolidate interest disbursements and balances. Your organization receives just one detailed, periodic statement per account type.

Protection against market loss and money market mutual fund restrictions helps you breathe easy in volatile times.
Deposits placed through IntraFi Network Deposits are not subject to floating net asset values. And, rest assured knowing that market swings will not negatively impact account value.

Find a Bank Near You That Offers IntraFi Network Deposits

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Hear what other government finance officers are saying.

 

I have found participation in [IntraFi Network Deposits] to be simple and a time saver. We earn very competitive interest rates on our investments while freeing up staff time. We were in [IntraFi Network Deposits] during our last audit and passed with flying colors!

Christine J. Johnson

Treasurer, DeKalb County, IL

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

City Manager, Oldsmar, FL

With [IntraFi Network Deposits], our town can access multi-million-dollar FDIC insurance protection, as well as earn interest. Plus, our bank can make these funds available for investment within the local community.

Stan Harmon

Finance Director, Bar Harbor, ME

Love data? Check out the top states using IntraFi Network Deposits.

Government entities across America secure their cash with IntraFi Network Deposits. See the top states by usage.

 


[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.