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One of the greatest benefits of having an account at an FDIC-insured bank is deposit insurance, which protects your money. This benefit typically covers up to $250,000 per depositor. Any funds above that may not be protected.

1st Insured Cash Sweep helps you access additional FDIC insurance on those extra funds. You can add this service onto a new or existing checking account* at no cost to you. At the end of each day, any funds over $250,000 are automatically swept into separate accounts at any of the 150+ FDIC-insured banks in our network.

1st Insured Cash Sweep

You’ll enjoy the peace of mind that your cash is insured without having to manage multiple banking relationships. Manage all of your money in one place, and we’ll take care of the rest.

See if 1st Insured Cash Sweep is right for you:

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*Must be a non-interest-bearing checking account.


Simple cash management for everyone

Individuals

Grow your wealth without putting it at risk. Access millions of dollars in FDIC insurance to make sure your retirement, college savings, vacation fund, or rainy day cash is secure. Joint accounts receive double the current expanded FDIC insurance limit.

Businesses

Keep your assets liquid and avoid withdrawal limitations. 1st Insured Cash Sweep keeps your money accessible through one simple account and manages transfers automatically. Extra insurance coverage protects what you’ve worked hard to build—without getting in the way of day-to-day operations.


Get 1st Insured Cash Sweep

Our cash management experts can answer your questions and help set up your account today.

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Legal Disclosure

Funds participating in the 1st Insured Cash Sweep Account are deposited into deposit accounts at participating banks, which are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through other intermediaries, including broker-dealers. The total amount of FDIC insurance for your account depends on the number of banks in the program. If the balance in your account is greater than the FDIC insurance coverage in the program, any excess funds will not be insured. Please read the Program Terms and Conditions carefully before depositing money into the program and for other important customer disclosures and information. To assure your FDIC coverage, please regularly review banks in which your funds have been deposited, and notify your bank immediately if you do not want to allocate funds to a particular bank or banks.