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ICS and CDARS

One Bank. Less Worries.

Simplify your banking. With ICS and CDARS, you only need one bank. Range Bank.

FDIC Insurance Sharing Program through IntraFi's Network.

With ICS® and CDARS®, you can access multi-million-dollar FDIC protection by working directly with just our bank.

  • Rest assured. Know that deposits well into the millions are eligible for FDIC insurance protection. Because deposit accounts are not subject to floating net asset values, market volatility will not negatively impact principal.
  • Earn interest. Put cash balances to work in demand deposit accounts, money market deposit accounts, or CDs.
  • Keep it simple. Avoid opening multiple accounts with multiple institutions to protect your funds. Forego the need to use repo sweeps, track collateral on an ongoing basis, and manually consolidate statements and disbursements from multiple banks.¹
  • Manage liquidity. Enjoy access to funds placed into demand deposit accounts and money market deposit accounts. With CD placements, select from multiple terms to meet your liquidity needs.
  • Support your community. Feel good knowing that the full amount of funds placed through ICS and CDARS can stay local to support lending opportunities that build a stronger community.²
 
 
Contact us for current deposit rates.
 
Insured Cash Sweep (ICS) and the Certificate of Deposit Registry Service (CDARS) helps simplify your banking efforts by providing a single institution that can provide one competitive rate, one statement, and one set of 1099 tax forms for end of year tax planning. Rather than spread your money around multiple financial institutions to ensure you have proper FDIC Insurance coverage, use ICS and CDARS and remain protected.
The CDARS service allocates deposits in a way that is similar to the ICS service, but it allocates the funds to time deposits (certificates of deposit or CDs) at other Network banks, whereas the ICS service allocates the funds to money market deposit accounts.
Your deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and placed in deposit accounts at other network banks. 

Visit the official IntraFi site for additional details.







Range Bank is proud to offer ICS and CDARS for our customers through IntraFi's network.

Open your account at any of our office locations.


A great solution for:

  • High net-worth individuals
  • Business accounts
  • Municipalities and other public fund organizations
  • Anyone needing insurance in excess of standard FDIC Insurance limits

  • If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through ICS or CDARS, or a particular ICS or CDARS transaction, satisfies those restrictions.
  • When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS or CDARS, our bank can use the full amount of a deposit placed through ICS or CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.

certificate of deposit

Looking for a stable way to grow your savings?


A Range Bank Certificate of Deposit (CD) offers an alternative way to grow your savings. Let us help you maximize your earnings with our CD Rate Specials.