Insured Cash Sweep® (ICS)

With the ICS service or Insured Cash Sweep, you can access multi-million-dollar FDIC protection by working directly with just one bank. As a member of the ICS network, Iowa Trust will place your funds into demand deposit accounts (using the ICS demand option), money market deposit accounts (using the ICS savings option), or both, at other FDIC-insured member institutions. The placement of your funds occurs in increments below the standard FDIC insurance maximum of $250,000 so that both principal and interest are eligible for coverage. By working directly with Iowa Trust, you can access the insurance coverage from many.