ICS®- Insured Cash Sweep®

Through the ICS, or Insured Cash Sweep service, you can access multi-million-dollar FDIC protection on your savings deposits.

  • How can ICS benefit you?

  • What else should you know?

  • How does ICS work?

Learn More & Get Started

To learn more, call 860.596.2444 or visit one of our convenient banking offices and speak with one of our Customer Associates.

1 If you choose both the savings and demand options, you will need to have a separate transaction account for each option.

Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the Salisbury Bank may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restrictions. ICS and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.