ICS and CDARS - Freedom Bank of Virginia
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ICS & CDARS

ICS & CDARS

Freedom Bank offers ICS (Insured Cash Sweep) and Certificate of Deposit Account Registry Service (CDARS) to provide multi-million dollar FDIC protection on your large savings deposits and CDs while earning interest at the same time.

ICS

The ICS®- Insured Cash Sweep® - service is a smart, convenient way to earn interest and make your large-dollar deposits eligible for multi-million-dollar FDIC insurance. With the ICS® service, you can secure your large deposits while maintaining access to funds and earning interest on funds placed into demand deposit accounts and/or money market deposit accounts. ICS is an excellent cash management alternative to prime funds, as well as repurchase agreements and other traditional investment vehicles.

CDARS

CDARS® – the Certificate of Deposit Account Registry Service® – is the most convenient way to access FDIC insurance on multi-million-dollar CD deposits and to earn CD-level rates, which often compare favorably to Treasuries and money market mutual funds. CDARS is available to individuals, businesses, nonprofit organizations and public entities and can be a valuable tool for cash management or longer term investments.

Contact us to learn more about ICS & CDARS.




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Member FDIC

10555 Main Street, Ste 100
Fairfax, VA 22030
(703) 242-5300
Map & Hours

502 Maple Avenue West
Vienna, VA 22180
(703) 667-4170
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11700 Plaza America Dr Ste 110
Reston, VA 20190
(703) 663-2300
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4500 Daly Drive Suite 240
Chantilly, VA 20151
(571) 395-4000
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4211 Pleasant Valley Road
Chantilly, VA 20151
(703) 766-6400
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