If you maintain multiple banking relationships for FDIC insurance coverage, then our Insured Cash Sweep® (ICS) may be a good option to consider. ICS allows you to consolidate your banking relationships under one umbrella and receive multi-million dollar FDIC protection.
With ICS you can:
- Have peace of mind knowing your funds are FDIC insured
- Save time by having your entire banking relationship at Severn Savings Bank
- Maintain access to your funds
ICS may be a secure and convenient solution for:
- Nonprofits
- Municipalities
- Public and Private Schools
- Other Large Dollar Depositors
For more information about our Insured Cash Sweep®, contact a member of our treasury management team at Severn Savings Bank.
Contact our Treasury Management team
Use of the ICS service is subject to the terms, conditions, and disclosures set forth in the applicable agreements. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month when using the ICS savings option. ICS and Insured Cash Sweep® are registered service marks of Promontory Interfinancial Network, LLC.
