ICS & CDARS

Freedom Bank offers ICS (Insured Cash Sweep) and Certificate of Deposit Account Registry Service (CDARS) to provide multi-million dollar FDIC protection on your large savings deposits and CDs while earning interest at the same time.

The ICS®- Insured Cash Sweep® - service is a smart, convenient way to earn interest and make your large-dollar deposits eligible for multi-million-dollar FDIC insurance. With the ICS® service, you can secure your large deposits while maintaining access to funds and earning interest on funds placed into Demand Deposit Accounts and/or Money Market Deposit Accounts. ICS is an excellent cash management alternative to prime funds, as well as repurchase agreements and other traditional investment vehicles.

CDARS® – the Certificate of Deposit Account Registry Service® – is the most convenient way to access FDIC insurance on multi-million-dollar CD deposits and to earn CD-level rates, which often compare favorably to Treasuries and money market mutual funds. CDARS is available to individuals, businesses, nonprofit organizations, and public entities and can be a valuable tool for cash management or longer-term investments.