ICS® and CDARS® Services
Asset Protection by Accessing Multi-Million-Dollar
FDIC Insurance Coverage
Century Secure Plus is a U.S. Century Bank service for clients looking to benefit from FDIC insurance on deposit amounts larger than the standard maximum of $250,000. Our ICS® and CDARS® products increase your access to FDIC insurance coverage for your checking, money market and certificate of deposit accounts.
You will be completely covered up to $150,000,000 through a single banking relationship with us, while earning interest with no additional fees.
ENJOY PEACE OF MIND
Relax knowing that your funds are eligible for multi-million-dollar FDIC insurance, protection that’s backed by the full faith and credit of the United States government.
SAVE TIME
Work directly with us – a bank you know and trust. Say ‘goodbye’ to tracking collateral on an ongoing basis, managing multiple bank relationships, manually consolidating bank statements, and other time-consuming workarounds. You'll receive just one monthly statement from us summarizing your account activity and balances.
MAINTAIN FLEXIBILITY
Enjoy access to funds placed into demand deposit and money market accounts or certificates of deposit.
EARN INTEREST
With ICS, CDARS, or both, you benefit from earning one interest rate per service or per term.
safe and secure
Maintain access to funds placed into demand deposit accounts and money market deposit accounts, safely and securely.
streamlined
Feel confident knowing where your funds are at all times, and save time with streamlined, detailed reporting provided by us - your financial partner.
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Through our partnership with IntraFi, we work directly with ICS® and CDARS® to place your checking (demand deposit account, or DDA), money market or certificate of deposit funds into the same types of accounts at other FDIC-insured banks that are members of the IntraFi network. The maximum deposit per account is $250,000.
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This will enable you to receive the maximum FDIC insurance protection from many banks so your total amount of deposits will be protected.
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It is one of the smartest and most convenient ways to access FDIC insurance for large deposits.
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U.S. Century Bank will handle everything for you.
Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi, ICS, CDARS, Certificate of Deposit Account Registry Service are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.
The depositor must have or set up a transaction account for the use of ICS. If the depositor chooses both the ICS savings and ICS demand options, the depositor will need to have a separate transaction account for each.
ICS deposits are sent based on triggering events as set forth in the IntraFi Deposit Placement Agreement you enter into with our bank. Funds are placed in money market deposit accounts when using the ICS savings option, and in demand deposit accounts when using the ICS demand option. Funds are placed into CDs when using CDARS.
Banking products and services are offered by U.S. Century Bank, Member FDIC and Equal Housing Lender.
U.S. Century Bank and Century Secure Plus: the financial partner and services you trust
