We offer two services to give you added FDIC insurance coverage: IntraFi® CDARS® and IntraFi Cash ServiceSM (ICS). When you use these services, we’ll split your deposit into increments less than $250,000 and place these funds across our network of well-capitalized banks. By doing this, your entire deposit remains fully protected, while you continue to work with just one bank.
With CDARS accounts, you can access insurance on deposits up to $50 million and earn interest rates comparable to CDs. Maturities on CDARS range from 4 weeks to two years.
ICS allows you to place funds into Demand and/or Savings accounts. You can deposit up to $150 million in ICS Savings accounts and up to $200 million in ICS Demand accounts. With this option, you can enjoy expanded insurance protection and still have the flexibility to access your funds when you need them.
| CDARS vs ICS at a Glance | ||
|---|---|---|
| CDARS | ICS | |
| Access to Funds | Early withdrawals before maturity are subject to penalty | Anytime without penalty |
| Interest Rate | Typically Higher | Typically Lower |
| Max. Deposit Limit | $50 Million | $150 million for Savings $200 million for Demand |
| Combined Deposit Limit* | $285 Million | |
| Suitable for | Individuals, businesses, or entities who want FDIC insurance coverage on large deposits and do not require immediate access to funds. | Individuals, businesses, or entities who want FDIC insurance coverage on large deposits and need liquidity with their funds. |
* Higher limits may be accepted on an exceptional basis.
Funds may be submitted for placement only after a depositor executes the IntraFi CDARS or ICS Deposit Placement Agreement with East West Bank. The Agreement contains important terms and conditions regarding the placement of funds by us. Please read the agreement carefully before signing it. Both CDARS and ICS accounts incur a monthly fee.
