Solutions for Business with Large Deposit Needs
Managing large cash balances is part of running a successful business. With ICS® and CDARS®, business owners, nonprofit leaders, and public fund managers can access FDIC insurance coverage well beyond the standard $250,000 limit, without having to open and manage accounts at multiple banks.
You work directly with FNBCC, and we place your funds through a network of FDIC-insured banks. You'll get expanded insurance coverage, one consolidated statement, and an easier way to manage high balances. Whether you're managing seasonal cash flow, capital reserves, escrow balances, or long-term funds, we can help you build a solution that fits your organization's financial strategy. To learn how ICS or CDARS can support your organization, contact your FNBCC banking team.
ICS® – IntraFi Cash Service for Businesses
ICS is designed for businesses that want FDIC insurance coverage on larger operating balances while keeping access to their funds. We place your funds into demand deposit or money market deposit accounts at multiple FDIC-insured banks, in amounts that stay within insurance limits at each bank, while you continue working with just FNBCC.
ICS works well for operating funds, reserves, and short-term cash balances that need to stay accessible.
CDARS® – Certificate of Deposit Account Registry Service for Businesses
CDARS lets businesses place larger deposits into CDs with FDIC insurance coverage well beyond the standard limit. Rather than opening CDs at multiple banks yourself, we place your deposit across participating banks, while you continue working with just FNBCC.
CDARS is ideal for excess cash, capital reserves, or funds with a defined time horizon. You'll get a fixed rate for the term you choose and one consolidated statement.
Why Businesses Benefit from ICS & CDARS
With ICS and CDARS from FNBCC, your business can:
Expand your FDIC coverage.
Access FDIC insurance well beyond the standard $250,000 limit while keeping a single banking relationship with FNBCC.
Streamline cash management.
Avoid the hassle of opening accounts at multiple banks and keeping track of statements from each one.
Put idle funds to work.
Earn interest on operating, reserve, or excess balances through money market deposit accounts or fixed-term CDs.
Maintain flexibility.
Use ICS for funds you need to access and CDARS for funds you can set aside for a fixed term, depending on your organization's cash flow and planning goals.
Keep reporting simple.
Receive one consolidated statement showing your balances, interest earned, and account activity.