One banking relationship with multi-million dollar FDIC insurance.
Safeguard your deposits with FDIC insurance while optimizing your funds with automated cash sweeps.
To protect your personal and business funds, you need the right insurance. Our Insured Cash Sweep service gives you access to FDIC insurance, helping you get the most out of your funds while being protected from potential risks.
To deliver the optimal service and protection for your business, we have partnered with IntraFi Network Deposits® to provide our Insured Cash Sweep® (ICS) service. IntraFi Network Deposits® management team is made up of banking experts from the most senior levels of policy making and practice. It is a leading provider of expanded FDIC-insured sweep programs, and it partners with a network of strong financial institutions, providing the safety standards our clients expect.
How Cash Sweep Service Works
With Cash Sweep Service, daily sweeps of excess deposits are transferred to partnering banks, with no single bank receiving more than $250,000 in deposits. Each bank involved provides access to FDIC insurance. Funds placed using ICS demand options enjoy unlimited program withdrawals.
Insured Cash Sweep is for Everyone
Personal Deposits
Elevate your wealth while safeguarding it from uncertainty. Unlock the potential of multi-million-dollar FDIC insurance to ensure the security of your retirement, educational funds, leisure pursuits, or contingency reserves.
Commercial Deposits
Keep your business assets flowing freely and avoid withdrawal limits. With Insured Cash Sweep, your money remains easily accessible in one straightforward account with seamless transfers. Get the extra FDIC insurance protection you need for your business.
The Benefits of Insured Cash Sweep
- Rest assured knowing your ICS funds are eligible for multi-million-dollar FDIC insurance that is backed by the full faith and credit of the U.S. government.
- Easy returns by putting your money to work for you.
- Access your funds with unlimited program withdrawals (using the ICS demand option) or up to six program withdrawals per month (using the ICS savings option).
- Eliminate the ongoing tracking burdens associated with collateralizing and the need to footnote uninsured deposits in financial statements.
Considerations with Insured Cash Sweep
Every organization has different priorities for yield, liquidity, and insurance. We can work with you to identify your needs and goals and establish a plan that looks at your financial picture holistically.
By choosing First Western Trust as your banking partner, you also gain access to all of our subject matter experts. We understand your financials are unique and require customized solutions.
