Axos Bank Insured Cash Sweep (ICS)
Protect your large, liquid deposits that exceed the FDIC's maximum insurable threshold of $250,000. By using IntraFi® Network Deposits,SM we provide access to multimillion-dollar FDIC insurance, protection that is backed by the full faith of the federal government.
Features
Access to FDIC insurance above $250,000 through a single bank relationship
Secure large deposits while maintaining access to funds
Earn interest
Funds eligible for protection that is backed by the full faith and credit of the federal government
Meeting Your Liquidity Needs
Place funds using either or both options
Use the demand option to secure funds to meet your cash management and liquidity needs.
Leverage the savings option, which allows up to six program withdrawals per month.
How It Works
Complete a Deposit Placement Agreement and a custodial agreement with Axos Bank.
Identify an existing transaction account (or set up a new one) to be used with each product option and deposit funds*.
Deposits are sent to deposit accounts at other member institutions in amounts under the standard FDIC insurance maximum of $250,000.
Contact Us
Call us at 833-307-1542 or complete the form below, and one of our dedicated bankers will contact you.
Would you like to get the peace of mind that comes with access to millions in FDIC insurance, combined with the convenience of working directly with just our bank?
With IntraFi Network Deposits, you can.
IntraFi Network Deposits, formerly ICS, is a trusted, tested product used by thousands of businesses, government entities, and institutional investors across the nation for cash management needs.
It is the easiest way to access multi-million dollar FDIC coverage on demand deposit accounts, money market deposit accounts, or both.
No one has ever lost a penny of FDIC-insured funds.
So, how does it work?
Let's say you have $1 million to invest.
When you place your funds using IntraFi Network Deposits, The funds are divided into amounts below the FDIC insurance maximum of $250 ,000 and placed with other FDIC-insured participating banks.
Know where your funds are at all times.
Record-keeping is transparent, detailed, and simple.
You receive one regular statement from our bank showing interest earned and other important details for deposits placed through intrafine network deposits.
And, of course, your confidential information remains protected.
No more maintaining multiple bank relationships, manually consolidating balances and interest disbursements, or having to footnote uninsured deposits in financial statements.
And by making funds eligible for FDIC protection, you can eliminate the non-stop hassle of ongoing collateral tracking, if you are accustomed to doing so.
With IntraFi Network Deposits, you can have it all.
Focus on transparency, safety, yield potential and convenience.
Ask us about IntraFi Network Deposits today.