CDARS ®and ICS®
An investment alternative for your capital
You’ve worked hard to build your finances and here at John Marshall Bank, we recognize your hard work. Whether it’s business or personal, we believe you deserve to have a peace of mind when it comes to protecting your investments. Between the CDARS® and ICS® programs, your funds will not only be secured through the FDIC network but enjoy competitive earnings on interests.
JMB CDARS – One Bank. One Rate. One Statement.
We offer up to $50 million in FDIC insurance coverage on CD investments through the opens in a new windowCertificate of Deposit Account Registry Service (CDARS). Through the CDARS program, you’ll enjoy the convenience of having one bank with one rate and one statement.
We provide an intuitive statement that summarizes all your CD holdings and removes the need to consolidate multiple statements or interest disbursements.
Plus, with our all-in-one system, you won’t have to worry about the administrative burdens of dealing with your accounts and financials, especially during tax and financial reporting seasons.
Insured Cash Sweep
Service – ICS
Through ICS – opens in a new windowthe Insured Cash Sweep service – your funds are eligible for multi-million dollar FDIC insurance. You’ll have the flexibility to either place your funds in the demand deposit accounts using the ICS demand option or the money market deposit accounts using the ICS savings option.
You can also choose to open one of each. With an ICS account, you’ll have access to either unlimited program withdrawals (using the ICS demand option) or up to six program withdrawals per month (using the ICS savings option).
We’ll also provide a monthly statement for each option containing your ICS balances and other key information. You can view your daily balance information, activity and transaction information through your JMB online banking account.