Personal CDARS & ICS Savings

Alliance Bank is a member of CDARS ® (Certificate of Deposit Account Registry Service) and Insured Cash Sweep ® (ICS)

These products give you the security to obtain FDIC insurance and earn competitive interest rates in both liquid and term investments. This additional insurance can eliminate collateralization requirements and make accounting procedures more efficient.


CDARS

The Certificate of Deposit Account Registry Service® is the most convenient way for safety-conscious investors to access FDIC insurance on multi-million-dollar deposits 

With CDARS , you sign one agreement with a participating financial institution of your choice, earn one interest rate per maturity and receive one regular statement.

It's that easy! For more information, w atch How CDARS Works


CDARS is the perfect solution for many investors – businesses, non-profits, public funds, advisors (including trustees, CPAs, financial planners and lawyers), individuals and socially responsible investors.

Why CDARS®?
CDARS ® offers multiple benefits to investors who want to combine the security of access to FDIC insurance with the convenience of working with just one financial institution.

  • Peace of Mind. Using the CDARS service, you can access multi-million-dollar FDIC insurance on CD investments. 1
  • One Relationship. You work directly with Alliance Bank, a local CDARS Network member – a financial institution you know and trust.
  • One Rate. You negotiate one interest rate per maturity on CD investments placed through CDARS. With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD. 
  • One Statement. You receive one regular statement detailing your CD investments. You no longer need to manually consolidate statements at the end of each month, quarter or year.
  • No Hidden Fees. You will not be charged annual fees, subscription fees or transaction fees for using CDARS. The rate you see is the rate you get.
  • No Ongoing Collateralization. Because CDARS deposits are eligible for FDIC protection, you may not need to continually collateralize your deposits. This can eliminate the time-consuming task of tracking changing collateral values on a recurring basis. 2
  • A Wide Variety of Maturities. You can select from various maturities – ranging from 4 weeks to 260 weeks (5 years) – and choose the terms that best suit your investment needs.

Contact Us today to Learn More or  visit CDARS.com


[1] Limits apply. Funds may be submitted for placement only after an investor enters into a CDARS Deposit Placement Agreement with a CDARS Network member. This agreement contains important information and conditions regarding the placement of funds. 

[2] If an investor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the investor to determine whether the placement of the investor’s funds through CDARS or a particular CDARS transaction satisfies those restrictions.

[3] Because deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, the bank through which an investor places those funds can use the full amount of a deposit placed through CDARS for local lending, satisfying some investors’ local investment goals/mandates. Alternatively, with an investor’s consent, the bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.



ICS Savings

The Insured Cash Sweep ® service is a smart, convenient way to earn interest and make your large-dollar deposits eligible for multi-million-dollar FDIC insurance  


With  ICS Savings , you can secure your large deposits while maintaining access to funds and earning interest on funds placed into money market deposit accounts.


It 's that easy! For more information, watch How ICS Savings Works


Why ICS® Savings?

ICS ® Savings offers multiple benefits to depositors who want to combine the security of access to FDIC insurance with the convenience of working with just one financial institution.

  • Peace of Mind. Using the ICS Savings service, you can access multi-million-dollar FDIC insurance on Money Market funds.
  • One Relationship. You work directly with Alliance Bank, a local ICS Network member – a financial institution you know and trust.
  • One Statement. You receive one regular statement detailing your Money Market account. You no longer need to manually consolidate statements at the end of each month, quarter or year.
  • No Hidden Fees. You will not be charged annual fees, subscription fees or transaction fees for using ICS Savings.
  • No Ongoing Collateralization. Because ICS Savings deposits are eligible for FDIC protection, you may not need to continually collateralize your deposits. This can eliminate the time-consuming task of tracking changing collateral values on a recurring basis.


Contact Us today to Learn More or visit InsuredCashSweep.com


Placement of customer funds through the Insured Cash Sweep service is subject to the terms, conditions and disclosures set forth in the agreements that a participating institution’s customer enters into with that institution, including the ICS Deposit Placement Agreement. 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.