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.
Please Note: E-mail is not a secure form of communication. Please do not send any confidential information using this form. This includes account numbers, social security numbers and password or PIN information.
© 2025 The Freedom Bank of Virginia. All Rights Reserved.
