Get peace of mind
Have peace of mind knowing you can obtain full FDIC protection. American National Bank offers Insured Cash Sweep (ICS®) and Certificate of Deposit Registry Service (CDARS®) for business and personal deposit accounts that exceed the $250,000 FDIC limit. You can be confident that your accounts are safe, with the convenience of working with one local bank.
More Protection
A high balance account enables you to access FDIC insurance coverage well beyond the standard limits, giving you added protection for your cash balances.
More Convenience
Leveraging ANB’s access to the IntraFi network is a streamlined process that simplifies your banking experience and reduces the hassle of managing multiple accounts to secure FDIC insurance.
More Interest
This cash management solution allows you to earn interest on your high balance deposit funds while also providing maximum FDIC insurance coverage.
Choose the option that best meets your liquidity needs
At American National Bank, we offer two distinct services for clients seeking to grow their savings: Insured Cash Sweep® and Certificate of Deposit Account Registry Service®. Both provide the security of FDIC–insured deposits, but each offers distinct advantages that cater to different financial goals.
Insured Cash Sweep® is an automated, low-cost sweep product that provides overnight investments in FDIC-insured financial institutions. ICS® helps to maximize earnings and minimize risk by automatically moving funds between your FDIC-insured accounts. Clients can take advantage of higher interest rates available with ICS®, while keeping their funds on deposit with American National Bank.
Benefits:
- Access your funds with unlimited program withdrawals (using the ICS® demand option) or up to six program withdrawals per month (using the ICS® savings option)
- Eliminate ongoing collateral tracking and the need to footnote uninsured deposits in financial statements if you are accustomed to these practices
Certificate of Deposit Account Registry Service® allows clients to purchase large amounts of FDIC-insured certificates of deposit, up to $50 million, without having to open multiple accounts or manage multiple relationships. Clients receive the convenience of one relationship, one rate, one statement and one year-end tax form.
Benefits:
- Receive one easy-to-read statement from our bank summarizing your CDARS® holdings
- With access to multi-million-dollar FDIC insurance, you can reduce any ongoing collateralization and avoid the hassle of opening accounts at different banks
Frequently Asked Questions
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Capitalize on the simplicity of working directly with one bank, and say goodbye to managing multiple bank relationships, tracking collateral, or having uninsured deposits to footnote in financial statements.
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Deposits placed through ICS® and CDARS® are deposited only in FDIC-insured banks. American National Bank will act as the custodian of your deposits.
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Yes, your financial information remains confidential, protected and backed by FDIC insurance.
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American National bank provides FDIC insurance coverage for up to $125 million in ICS®, and up to $50 million for CDARS® with a total combine limit of $150 million.
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Select 52 weeks or two years and choose terms that best match your liquidity needs.
