About ICS

ICS First Federal Bank of FloridaICS, or the Insured Cash Sweep service, is a smart, secure, and convenient way for bank customers to earn a return and access multi-million-dollar FDIC protection on large savings deposits. You don’t have to choose between one or the other.

With the ICS service, you can

  • Earn interest by putting excess cash balances in your checking or NOW account to work in money market deposit accounts.
  • Enjoy peace of mind knowing your ICS funds are eligible for multi-million-dollar FDIC insurance.
  • Save time by working directly with just our bank – the bank you know and trust.

That’s smart savings.

Contact Stephanie McClendon to learn more.

Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, you enter into with us. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month.