Insured Deposit Program
What are CDARS and ICS?
Pulaski Bank offers you the easiest, most convenient way to enjoy access to FDIC coverage on deposit amounts larger than $250,000. CDARS® and ICS® are perfect solutions for personal and business clients.
CDARS is the Certificate of Deposit Account Registry Service®. Through this service you can deposit your money into Certificates (CDs). You'll be able to select the rate and term that best meets your investment goals.
ICS is the Insured Cash Sweep® service. Through ICS, you can place your large deposits in demand deposit accounts and/or savings accounts at other banks that are backed by the full faith and credit of the federal government. ICS offers a demand and savings option. Both options offer you no term, next day availability, competitive interest rate, and access to FDIC coverage.
With the ICS demand option, you have unlimited program withdrawals, and with the ICS savings option you may make up to six program withdrawals per month.
- Tiered interest rate structure:
- $250,001 and above
- $0.01 to $250,000
- No monthly service charge
- Minimum opening deposit.........................$10,000
Enrollment in the ICS service requires a combined deposit relationship of $250,000.
Interest is compounded and credited to the account monthly.
Higher balances pay higher interest.
For more information, contact:
CDARS, Certificate of Deposit Account Registery Service, ICS, and Insured Cash Sweep
are registered service marks of Promontory Interfinancial Network, LLC.