Insured Cash Sweep Products

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Maximize earnings with peace of mind

Insured Cash Sweep® products offered through IntraFi Network let you secure funds placed into demand deposit accounts, money market deposit accounts, or both with FDIC insurance eligibility well beyond $250,000. Insured Cash Sweep is an excellent cash management option that offers operational efficiencies and prime-like returns with a Treasury- or federal government-like risk profile.

Insured

Insured

Rest assured knowing your ICS funds are eligible for multi-million- dollar FDIC insurance that’s backed by the full faith and credit of the U.S. government.

Earn interest

Earn interest

Earn interest by placing funds into demand deposit accounts, money market deposit accounts, or both.

Flexible

Flexible

Enjoy unlimited program withdrawals. Support your community by keeping the full amount of your deposit local.

Additional benefits of using Insured Cash Sweep products

  • You receive a regular monthly statement from us showing your ICS balances and other key information. And you can check your ICS balances and track other important information of interest to you online, 24/7, through a specially designed Depositor Control Panel. Your confidential information remains protected.
  • When Northrim places your funds using ICS, your deposit is sent from your transaction account at our bank into deposit accounts at other ICS Network banks in amounts below $250,000, the standard FDIC insurance maximum. As a result, you can access FDIC insurance coverage from many institutions while working directly with just us. It’s that simple.
  • Deposits are sent to demand deposit accounts at other ICS Network banks in amounts under $250,000, the standard FDIC insurance maximum per insured capacity, per bank.
  • Work directly with Northrim — a bank you already know and trust.
    • Feel secure knowing your funds are eligible for multi-million-dollar FDIC insurance.
    • Earn returns; you can put your excess cash balances to work in demand deposit accounts.
    • Maintain liquidity through unlimited access to funds

Northrim’s Insured Cash Sweep Products are offered through IntraFi Network.