Insured Cash Sweep

Use ics® to access fdic insurance on deposits larger than $250,000

Have peace of mind knowing your cash is eligible for the protection of FDIC insurance. Whether you have $250,000 or millions, you can rest easy with ICS, the Insured Cash Sweep® service, at Capitol Federal®. 

When your transaction account balance exceeds a specific balance, the excess funds are transferred (swept) into either interest-bearing demand deposit accounts or money market deposit accounts at other FDIC insured banks within the ICS Network. You can enjoy the security of access to FDIC insurance from many banks while working directly with and receiving one monthly statement from Capitol Federal. 

With the ICS service, you can:

Earn interest. Put excess cash balances to work in either interest-bearing  demand deposit accounts or money market deposit accounts.

Maintain access to funds. Access funds through unlimited program withdrawals using the ICS demand option, or up to six program withdrawals per month using the ICS savings option.

Enjoy peace of mind. Your ICS funds are placed in regulated, FDIC-insured institutions that are participating members of the ICS Network.

Save time. Work directly with Capitol Federal - your trusted banking partner.

For more information about an Insured Cash Sweep, call our Business Banking team at 1-888-510-7333.


Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement ("DPA"). Limits and customer eligibility criteria apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA"), a depositor's balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restrictions. ICS and Insured Cash Sweep are registered service marks of Promontory Interfinancial Networks, LLC.  


Open an Account

Ask about opening a business account at any of our branch locations. Enter your zip code to find a CapFed® branch nearest you. 


Have questions about Business Banking? Call 1-888-510-7333 or email businessbankers@capfed.com 

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