![]() With CDARS, select from a range of maturities (4 weeks, 13 weeks, 26 weeks, 52 weeks, 2 years, 3 years, and 5 years). Enjoy unlimited withdrawals using the ICS demand option, or make up to six program withdrawals per month using the ICS savings option. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis. Receive just one monthly statement from us summarizing your account activity and balances. Forego opening accounts under different insurable capacities or managing multiple bank relationships. Work directly with just our bank-a bank you know and trust. ![]() Cash swept into deposit accounts through bank sweep programs is covered by FDIC insurance up to the 250,000 limit per customer at each FDIC-Insured bank that participates in the bank sweep program. This account allows clients who maintain balances greater than the FDIC insurable limits to maintain their funds within First National Bank while funds are then. Earn one rate on your ICS savings deposits, one rate on your ICS demand deposits, and one rate per maturity on your CDARS deposits. The standard insurance amount is 250,000 per depositor ( i.e., per brokerage customer), per insured bank, for each account ownership category. ICS accounts extend FDIC insurance by breaking up large cash deposits and distributing the smaller amounts to multiple banks. Put excess cash balances to work by placing funds into demand deposit accounts using the ICS demand option, money market deposit accounts using the ICS savings option, or interest-bearing certificates of deposit (CDs) using CDARS. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government. Custom Options Apply to become a member of our team.Custom Options Customized options to finance your dream home.Custom Options Compare business checking options to manage cash flow. The Certificate of Deposit Account Registry Service (CDARS) allows investors to access FDIC insurance on CDs beyond the 250,000 single-institution limit.Custom Options Compare personal checking options to manage everyday spending. If you have personal deposits at a single bank in a single-ownership capacity, then you can access up to 250,000 in FDIC insurance. ![]()
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