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ICS® & CDARS®

Home Personal Banking ICS® & CDARS®

Access FDIC Insurance
for Deposits > $250K

If you have more than $250,000 to protect, you have the option of securing your money through the IntraFi® network. When you do, we place your funds into a money market deposit account using ICS, the IntraFi Cash ServiceSM and/or CDs using CDARS, the Certificate of Deposit Account Registry Service®. Your funds are placed in deposit accounts at multiple FDIC-insured banks that participate in the IntraFi network. This gives you access to multi-million-dollar FDIC insurance protection all through a single bank relationship with Peoples Bank.

 

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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, ICS, CDARS, and Certificate of Deposit Account Registry Service are registered service marks, and IntraFi Cash Service is a service mark of IntraFi Network LLC.