With an Insured Cash Sweep Savings account from FSB, you don’t have to worry about not having FDIC insurance and you don’t have to work with several banks to get the coverage you desire. All of your funds are right where you want them, all fully covered by FDIC—and you can access your funds anytime you need. Welcome to peace-of-mind.

Insured Cash Sweep® (ICS) Savings Details:

  • Work directly with FSB to access multimillion-dollar FDIC protection
  • ICS has the capacity to collateralize any one client up to a limit of $100 million in deposits
  • Sweep daily – also 6 program withdrawals per month 
  • Funds above the minimum balance requirement sweep automatically from Business Checking to ICS
  • Funds sweep back from ICS to Business Checking to cover checks or withdrawals automatically