Smart Investing with IntraFi®

Now known as the IntraFi network, CDARS/ICS refers to reciprocal deposit services for business and retail banking customers. If your business savings account exceeds the $250,000 FDIC insurance limit, you can access expanded FDIC insurance through your existing banking relationship. Protect your large deposits and earn a competitive interest rate on your savings. IntraFi also offers the convenience of a single monthly statement from the bank you already know and trust.

Why IntraFi Network Deposits?

IntraFi® Network Deposits℠ product, formerly known as ICS® and CDARS® deposit products, is a smart, convenient way to safeguard your large deposits. If your account has more than $250,000 to protect, IntraFi Network Deposits offers customers access to multi-million-dollar FDIC insurance, yield, and flexibility. By placing funds into demand deposit accounts, money market deposit accounts, or CD’s, you can access FDIC insurance from other banks that participate in the network.

How does the IntraFi Network work?

Administered by IntraFi, a trusted partner of more than 3,000 financial institutions in the U.S., the IntraFi network allows you to maintain a single relationship with one bank while receiving FDIC deposit insurance on up to $50 million, far more than the current limit of $250,000 per bank. So, you can continue to do all your business banking with American Community Bank while receiving the same amount of FDIC insurance as if you held multiple savings accounts at different financial institutions. As an added bonus, member banks in the IntraFi Network swap deposit amounts. This means that, while your business savings is divided among different banks, your total deposit amount will go to your primary bank to be reinvested in the community through loans.

How does IntraFi Network Deposits work?

Administered by IntraFi, a trusted partner of more than 3,000 financial institutions in the U.S., the network allows you to maintain a single relationship with one bank while receiving FDIC deposit insurance on up to $50 million, far more than the current limit of $250,000 per bank. So, you can continue to do all your business banking with American Community Bank and Trust while receiving the same amount of FDIC insurance as if you held multiple savings accounts at different financial institutions.

Benefits of CDARS and ICS for Businesses

Cash is the lifeblood of every business. You need a safe place to store your extra cash, while still earning interest on your savings. With IntraFi, you get the peace of mind of knowing your funds are safe and unaffected by the volatility of the market. As your funds grow in a reliable way, they are still available without penalty when you need them. And you can save time and increase efficiency in your business by consolidating account information even though funds are broken up across multiple financial institutions.

Benefits of IntraFi Network Deposits

Maintain peace of mind knowing your funds are eligible for multi-million-dollar FDIC insurance
Earn a smart return one interest rate per product option or CD maturity
Save time and enjoy the convenience of working with the one bank you already know and trust
Maintain flexibility with access to demand deposit accounts and money market deposit accounts and choosing from multiple CD terms

Open a Commercial Deposit Account with American Community Bank!

It’s more important than ever to have a banking partner who understands your business and cash flow needs. As an independent commercial bank in Northeast Illinois, we are ready to serve your business with responsive, agile, flexible, and attentive service. Open a new business deposit account with us to enroll in CDARS/ICS/IntraFi. Have questions about the IntraFi network? Contact us today.

Begin Smart Investing Today

It’s more important than ever to have a banking partner that understands your financial needs and works hard to protect your money. American Community Bank and Trust is ready to serve you with responsive, agile, flexible, and attentive service. Let us explain how IntraFi Deposits Networks operates and our current rates. Contact a banker today!