Safe, Simple, and Fully Insured: CDARS® & ICS®
At Bank of the Flint Hills, we believe big deposits deserve big peace of mind, without the hassle of managing multiple banking relationships. That's where CDARS® and ICS® come in.
These two powerful services give you access to multi-million dollar FDIC insurance coverage while keeping your money right here at your hometown bank.
CDARS®: Certificate of Deposit Account Registry Service
Looking to invest a large amount and earn a competitive interest rate — all while keeping your funds safe and sound?
CDARS lets you enjoy the security of FDIC insurance on deposits over the standard limit by working through a network of trusted community banks like ours. Even better? You only work with us.
Here’s how it works:
- You make a single deposit with Bank of the Flint Hills
- Your funds are automatically spread across the CDARS network in amounts under the FDIC insurance limit
- You earn interest, stay fully insured, and receive one rate, one statement, and one trusted relationship — us!
Why our customers love CDARS:
- Peace of mind — Full FDIC coverage, even on multi-million-dollar deposits
- Convenience — One bank. One rate. One statement. That’s it.
- Competitive returns — Enjoy strong CD rates without the legwork
Perfect for: Businesses, municipalities, school districts, and individuals who want to invest safely with less hassle.
Just one thing to know: Since CDARS are certificates of deposit, your funds are locked in until maturity. Early withdrawals may come with penalties.
ICS®: Insured Cash Sweep
Need to keep large balances liquid — and fully protected?
ICS is just the ticket. This service works similarly to CDARS, but with one key difference: you can access your funds anytime.
With ICS, your funds are placed into demand deposit accounts across the ICS network, keeping each piece under the FDIC insurance limit while earning a competitive interest rate.
Why ICS makes sense:
- Liquidity — Your funds stay accessible whenever you need them
- Coverage — Enjoy FDIC insurance into the millions
- Simplicity — Like CDARS, everything is managed through your relationship with us
Ideal for: Businesses or municipalities that need flexibility with their funds, like managing payroll, construction projects, or unexpected expenses.
How do CDARS® and ICS® work?
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One Bank. Millions in Coverage.
Whether you're looking for the long-term structure of CDARS or the flexible liquidity of ICS, we’re here to help you make the most of your money — safely, securely, and without ever leaving your local bank.
Ready to Get Started?
Let’s talk about your goals. Give us a call, visit your local branch, or contact a banker today to find out how CDARS and ICS can work for you.