ICS^® & CDARS^®

21st Century Bank offers ICS® (Insured Cash Sweep®) and CDARS® services designed to help individual, non-profit, and municipal clients protect large deposits with multi-million-dollar FDIC insurance while maintaining liquidity and maximizing returns through a single banking relationship. Both support local community investment and simplify fund management and compliance.

• ICS® provides insured cash management: ICS divides large deposits into amounts below the FDIC insurance limit and places them in demand or money market deposit accounts at member banks, ensuring full protection and simplified management with a single monthly statement. It offers flexible liquidity options and optimized returns, meets Minnesota public funds compliance, and allows funds to remain local to support community lending.
• CDARS® offers insured certificate of deposit investment: CDARS divides large deposits within FDIC limits and invests them in CDs at multiple banks. It provides secure, predictable growth with multi-million-dollar FDIC insurance, meets Minnesota public funds compliance, and a variety of maturities tailored to individual and organizational needs, a single interest rate per maturity, and support for local community investment goals.
• Designed for fiduciary responsibility and simplicity: Both ICS and CDARS help organizations manage large deposits without juggling multiple banking relationships or tracking collateral, supporting liquidity, returns, and compliance while reinforcing local community support.