Secure, Insured Deposits with CDARS & ICS
At F&M Bank, we know that safety, liquidity, and returns matter when it comes to managing large deposits.
Details
What Are CDARS & ICS?
- CDARS® (Certificate of Deposit Account Registry Service): Enjoy the security of FDIC insurance on large deposits by spreading funds across multiple banks, all while working directly with F&M Bank and receiving one consolidated statement.
- ICS® (Insured Cash Sweep): Maintain access to funds while ensuring FDIC insurance coverage by placing deposits into demand deposit accounts (DDA) or money market accounts across a network of banks.
Why Choose CDARS & ICS?
- FDIC Insurance Protection – Receive coverage well beyond the standard $250,000 FDIC limit while keeping funds safe.
- Convenience – Enjoy a single banking relationship, one interest rate per account type, and one statement—no need to manage multiple accounts at different banks.
- Liquidity Option – ICS offers a demand deposit account for daily liquidity.
- Trusted Security – Funds are placed only in FDIC-insured institutions, reducing exposure to risk.
- Community Banking Advantage – Keep your money working locally while enjoying nationwide FDIC insurance coverage.
Who Benefits from CDARS & ICS?
- Businesses
- Nonprofits
- Municipalities & Public Funds
- High-Net-Worth Individuals
- Trusts & Estates
Get Started Today
Protect your deposits while keeping banking simple. Contact us today at 405.715.1100.