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Archive - August 2022

Home News Archive - August 2022

What is IntraFiⓇ Network Deposits?

Posted On: August 24, 2022 by F & M Community Bank in: Community Matters

What is IntralFiⓇ Network Deposits?

IntraFiⓇ Network Deposits (formerly called CDARS or ICS, Certificate of Deposit Account Registry Service or Insured Cash Sweep respectively) is a program that allows businesses and individuals to receive FDIC insurance on large deposits.

IntraFiⓇ Network Deposits allows individuals or businesses that invest large sums of money ($250,000+) or own multiple certificates of deposits (CDs) to secure FDIC insurance while managing these investments...

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