Put excess cash to work with ICS® and CDARS® — interest-bearing deposits protected with multi-million-dollar FDIC insurance.
- Ensure your high-dollar deposits are working for you1
- Earn competitive interest higher than standard savings rates
- Retain FDIC insurance on deposits over $250,000
- Funds are deposited into multiple accounts (FDIC-insured institutions only; Only institutions in the ICS/CDARS network)
- Work just with us — receive one statement from GCB
- Saves you time (no need to track collateral values on your own)
- Supports local lending, strengthening the community
- No fees of any kind for the ICS or CDARS services
ICS® – Insured Cash Sweep
- Funds deposited into demand deposit accounts, money market deposit accounts, or both
- Unlimited withdrawals using the demand option, or up to six program withdrawals per month using the savings option
- Funds are deposited into multiple CD accounts
- Select from a range of maturities (4 weeks, 13 weeks, 26 weeks, 52 weeks, 2 years, 3 years, and 5 years)
1Limits and customer eligibility criteria apply.