Insured Cash Sweep

An FDIC-insured solution for accounts over $250,000

Insured Cash Sweep

An FDIC-insured solution for accounts over $250,000

Insured Cash Sweep

Insured Cash Sweep

The FDIC insures up to $250,000 of a customer’s deposit accounts at an FDIC-insured depository institution. The Insured Cash Sweep (ICS) service gives individuals, non-profits, and businesses access to multi-million-dollar FDIC protection on deposits over $250,000 with no monthly fees.  

Here's how it works: Once your total ICS funds are deposited, they are divided into amounts under the standard FDIC maximum and placed with other ICS Network members – each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each member bank. By working directly with Hills Bank, you can access insurance through many FDIC-insured institutions and ensure your funds are protected.  

  • Save time by working directly with us 
  • Enjoy peace of mind knowing your ICS funds are under FDIC protection 
  • Earn interest by putting excess cash balances to work in money market deposit accounts 
  • Unlimited program withdrawals: Make an unlimited number of program deposits and withdrawals 
  • See where your funds are at any time online

To learn more about Insured Cash Sweep, contact your local Hills Bank location, call toll free at 1-800-445-5725 (1-800-HILLSBK), or use the chat button on the lower-right-hand side of this page to connect with a banker during our business hours.  

Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you enter into with us. Limits and customer eligibility criteria apply. When using the ICS savings option, program withdrawals are limited to six per month. ICS is a service mark, and Insured Cash Sweep is a registered service mark, of Promontory Interfinancial Network, LLCM.