Simplified FDIC Protection for Larger Personal Deposits
When your cash balances exceed standard FDIC insurance limits, peace of mind matters. With ICS® and CDARS®, West Bank helps you protect significant personal deposits while keeping your banking simple and centralized. These services provide access to multi‑million-dollar FDIC insurance through a single banking relationship. This means you get:
- One relationship with West Bank
- One statement per product
- Online access to account details, 24/7
When you enroll in ICS or CDARS, West Bank divides your deposit into amounts under the standard FDIC insurance maximum of $250,000 per bank. But you'll still work with West Bank for anything related to your account. If you're curious to learn more about ICS and CDARS services, please contact West Bank online or by calling 515‑222‑2300 or 1‑800‑810‑2301.
Insured Cash Sweep (ICS®) Services
With ICS, eligible deposits are placed into demand deposit accounts or money market deposit accounts across the IntraFi® network, allowing you to:
Key Benefits
- Access multi‑million-dollar FDIC insurance coverage
- Keep funds liquid and readily available
- Earn interest on qualifying balances
- Avoid exposure to market volatility—principal is not affected by market movement
ICS is an ideal option for personal clients who want both insurance coverage and access to cash.
CDARS® (Certificate of Deposit Account Registry Service)
With CDARS, your funds are placed into certificates of deposit at multiple FDIC‑insured institutions across the IntraFi® network, providing a structured savings option for longer‑term goals.
Key Benefits
Access FDIC insurance in amounts well into the millions
- Earn interest through fixed‑term CDs
- Maintain predictable returns without market risk
- Work exclusively with West Bank—no need to manage multiple CD accounts
CDARS is well suited for individuals seeking security, stability, and insured growth for larger deposit balances.