Freedom Bank offers ICS (Insured Cash Sweep) and Certificate of Deposit Account Registry Service (CDARS) to provide multi-million dollar FDIC protection on your large savings deposits and CDs while earning interest at the same time.
The ICS®- Insured Cash Sweep® - service is a smart, convenient way to earn interest and make your large-dollar deposits eligible for multi-million-dollar FDIC insurance. With the ICS® service, you can secure your large deposits while maintaining access to funds and earning interest on funds placed into demand deposit accounts and/or money market deposit accounts. ICS is an excellent cash management alternative to prime funds, as well as repurchase agreements and other traditional investment vehicles.
CDARS® – the Certificate of Deposit Account Registry Service® – is the most convenient way to access FDIC insurance on multi-million-dollar CD deposits and to earn CD-level rates, which often compare favorably to Treasuries and money market mutual funds. CDARS is available to individuals, businesses, nonprofit organizations and public entities and can be a valuable tool for cash management or longer term investments.
Contact us to learn more about ICS & CDARS.
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10555 Main Street, Ste 100
Fairfax, VA 22030
(703) 667-4167
Map & Hours
502 Maple Avenue West
Vienna, VA 22180
(703) 667-4170
Map & Hours
11700 Plaza America Dr Ste 110
Reston, VA 20190
(703) 663-2300
Map & Hours
4090 Lafayette Center Drive,
Ste B Chantilly, VA 20151
(571) 395-4000
Map & Hours
Effective February 2, 2023
4090 Lafayette Center Drive, Ste B
Chantilly, VA 20151
(703) 766-6400
Map & Hours
10611 BaIls Ford Road Ste 110
Manassas, VA 20109
703-349-2210
Map & Hours
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