InsureGuard+ Savings
Expanded FDIC coverage up to $250 million with IntraFi® Network Deposits.SM
InsureGuard+ Savings is part of an insured cash sweep program that allows you to expand your FDIC insurance coverage up to $250 million in deposits.1 All without the hassle of multiple bank relationships.
Have more than $1MM?
Features and Benefits
Access to FDIC insurance through a single bank relationship
InsureGuard+ Savings deposits are eligible for multi-million dollar FDIC insurance
Earn a competitive interest rate
How it works
Work solely with us to access coverage from many. Receive just one regular statement and feel secure knowing that your confidential information remains protected.
Step 1
Open your account(s) with one of our experienced Relationship Managers.
Step 2
Deposits are sent to deposit accounts at other member institutions in amounts under the standard FDIC insurance maximum of $250,000.
Would you like to get the peace of mind that comes with access to millions in FDIC insurance combined with the convenience of working directly with just our bank with inter network deposits, you can.
Inter network deposits, formerly ICS, is a trusted tested product used by thousands of businesses, government entities and institutional investors across the nation for cash management needs.
It is the easiest way to access multi million dollar FDIC coverage on demand deposit accounts, money market deposit accounts or both.
No one has ever lost a penny of FDIC insured funds.
So how does it work?
Let's say you have $1 million to invest when you place your funds using inter fine network deposits.
The funds are divided into amounts below the FDIC insurance maximum of two $150,000 and placed with other FDIC insured participating banks know where your funds are at all times.
Record keeping is transparent, detailed and simple.
You receive one regular statement from our bank showing interest earned and other important details for deposits placed through intra fine network deposits.
And of course your confidential information remains protected no more.
Maintaining multiple bank relationships manually, consolidating balances and interest disbursements or having to footnote uninsured deposits and financial statements.
And by making funds eligible for FDIC protection, you can eliminate the nonstop hassle of ongoing collateral tracking if you're accustomed to doing so.
With inter network deposits, you can have it all focus on transparency, safety, yield potential and convenience.
Ask us about interfi network deposits today.