Do you have more than $250,000 in your bank account and need regular access to your funds? 

The FDIC has a standard maximum insurance coverage of $250,000 per depositor, per ownership type in an insured bank. With ICS you can enjoy the safety and simplicity that comes with access to multi-million-dollar FDIC insurance through a single bank relationship. Put your cash balances to work in demand deposit accounts or money market deposit accounts and retain access to your funds. 

How does ICS work?            

First Fed is a member 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. As a result, you can access FDIC coverage from many institutions while working directly just with us. Receive a statement from First Fed and access key details about your accounts online, 24/7.  

Funds placed using ICS are not subject to floating net asset values, liquidity fees, or money market mutual fund liquidity gates, so you can rest assured knowing that market volatility will not negatively affect account value. The funds are eligible for FDIC insurance protection in amounts well into the millions, all backed by the full faith and credit of the United States government.  

Enjoy the simplicity of working with one bank with the security of FDIC insurance on your funds. 

Need more information? Connect with one of our experienced bankers who can walk you through the application process.


When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS, our bank can use the full amount of a deposit placed through ICS 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.