Insured Cash Sweeps

Insured Cash Sweeps

HERE FOR YOU. EVERY DAY.

HERE FOR YOU. EVERY DAY.

How can you benefit
with ICS?

Carolina Alliance Bank is excited to offer a convenient way for customers to earn a return and access multimillion-dollar FDIC protection on large deposits through Insured Cash Sweeps (ICS).

WHAT ARE INSURED CASH SWEEPS?

Insured Cash Sweeps accounts spread your cash balance among a network of accounts with participating banks in amounts below the standard FDIC insurance maximum ($250,000). This makes your funds eligible for FDIC protection.

HOW DO I BENEFIT?

You can maintain liquidity and access FDIC insurance coverage for funds above $250,000 with the convenience of a single account and the ability to work directly with your Carolina Alliance personal banker.

HOW DO I APPLY FOR A SWEEP?

Simply visit your nearest Carolina Alliance Bank location, and talk with your personal banker for more information about the best options for your account.

WHAT IS FDIC PROTECTION?

The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for up to $250,000 per depositor, per insured bank, for each ownership category by identifying, monitoring and addressing risks to the deposit insurance funds. It also limits the effect on the economy and the financial system when a bank or thrift institution fails.

Personal Banking - Insured Cash Sweeps - Earn Interest

Earn Interest

Put excess cash balances to work by placing funds into demand deposit accounts using the ICS demand option or into checking and money market accounts.

Earn Interest

Put excess cash balances to
work by placing funds into demand
deposit accounts using the ICS
demand option or into checking
and money market accounts.

Personal Banking - Insured Cash Sweeps - Peace of Mind

Peace of Mind

Your ICS funds are eligible for
multimillion-dollar FDIC insurance.

Peace of Mind

Your ICS funds are eligible
for multimillion-dollar
FDIC insurance.

Personal Banking - Insured Cash Sweeps - Enjoy Flexibility

Enjoy Flexibility

Enjoy full liquidity through unlimited program withdrawals using the ICS demand option, or access funds by making up to six program withdrawals per month using the ICS savings option.

Enjoy Flexibility

Enjoy full liquidity through
unlimited program withdrawals
using the ICS demand option,
or access funds by making up
to six program withdrawals
per month using the
ICS savings option.

Personal Banking - Insured Cash Sweeps - Save Time

Save Time

Work directly with your Carolina Alliance banker through a single account.

Save Time

Work directly with your
Carolina Alliance banker
through a single account.

Personal Banking - Insured Cash Sweeps - Find Your Banker

Have any more questions?

Our experienced bankers will help answer any question you may have.

Have any more questions?

Our experienced bankers will help
answer any question you may have.

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