FDIC-Insured—Backed by the full faith and credit of the U.S. Government
Close
Before you go
We understand the importance of keeping your money safe
Our deposit insurance solutions provide peace of mind that your excess funds are protected.
ICS®, the IntraFi Cash Service
ICS is offered through IntraFi®, allowing clients to access millions of dollars in FDIC insurance coverage for funds placed into demand deposit accounts at Destination Institutions that participate in the IntraFi network. Upon enrolling into ICS, business clients continue to retain their Bank relationship with their Private Client Group (“PCG”) as a single point of contact to meet their financial needs.1
Safety
Funds placed through ICS are eligible for multi-million dollar FDIC insurance coverage at Destination Institutions that participate in the IntraFi network.
Flexibility
Enjoy same-day access to your funds, subject to Program Withdrawal limitations.2
Statements
Receive monthly bank statements displaying allocated deposits at Destination Institutions participating in the IntraFi network that are eligible FDIC members.
Convenience
Deposits to your Bank account linked to ICS above a specified target amount are automatically allocated to Destination Institutions participating in the IntraFi network.
Transparency
Check your ICS balance, upcoming allocations and track other important information through a specifically designed Depositor Control Panel.
How it works
We, like other institutions that offer ICS, are members of the IntraFi network. When we place your deposit through ICS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The amounts are then placed into deposit accounts at multiple FDIC-insured banks.2 As a result, you can access FDIC coverage from many institutions while working directly just with us.
- ICS offers FDIC insurance coverage by automatically breaking up balances into insurable amounts and allocating each increment across participating IntraFi member banks.
- Your funds may be swept each business day based on an established target balance amount in your linked account.
CDARS®, Certificate of Deposit Account Registry Service
CDARS is brought to you by IntraFi, the largest provider of FDIC-insured deposit services, combining the institutional strength of Wall Street with the community presence of Main Street. With IntraFi's services, you can access millions of dollars in FDIC insurance coverage1.
Peace of mind
With CDARS, you can access millions in FDIC insurance coverage—all through a single bank relationship with us, a bank you know and trust.
Earn interest at a competitive interest rate.
Funds placed through CDARS may earn returns that compare favorably to Treasuries and government money market mutual funds and avoid the risks associated with prime money market mutual funds.
Time savings and ease
Work directly with us and say goodbye to managing multiple bank relationships, tracking collateral, or having uninsured deposits to footnote in financial statements.
Transparency
Stay confidently in control with statements that show balances, interest, and other important details associated with your certificate of deposit accounts.
1Deposit placement through ICS or CDARs is subject to the terms, conditions, and disclosures in applicable agreements, including but not limited to the ICS Deposit Placement Agreement and/or CDARS Deposit Placement Agreement and applicable Bank agreements and disclosures. Capitalized Terms not defined herein shall have the meaning set forth in the ICS Deposit Placement Agreement and/or CDARS Deposit Placement Agreement, as applicable. Deposits held at the Bank may exceed the FDIC standard maximum deposit insurance amount prior to settlement of deposits swept to Destination Institutions and/or after settlement of withdrawal of deposits swept from Destination Institutions. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying Destination Institutions participating in the IntraFi network appears at https://www.intrafi.com/network-banks. Deposits swept to Destination Institutions are aggregated with any deposits in the same ownership category held by depositor for purposes of FDIC insurance coverage eligibility. As such, the depositor may exclude banks from eligibility to receive its funds. IntraFi, ICS and IntraFi Cash Service are registered service marks of IntraFi LLC.
2When a Program Withdrawal is initiated for funds placed through ICS or CDARs, the bank will advance funds to you in anticipation of settlement of the Program Withdrawal.
Let’s explore the possibilities
Connect with us to learn more about what you can expect from Flagstar Private Bank and the benefits of having a single point of contact focused on you, your family, and your business. We look forward to speaking with you.
Please complete for more information
If you are an existing customer and have Account related questions, please contact Customer Support.
Thank you for your feedback
Form submitted succesfully
By clicking submit, you understand the information is being provided to Flagstar Bank in accordance with our online privacy statement.