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Business Insured Deposit Program

Pulaski Bank has partnered with Promontory Interfinancial Network, LLC, to provide an Insured Money Market program for our business clients.

What Is ICS?
Would you like to access multi-million-dollar FDIC protection on your savings deposits? Earn interest at the same time? And be able to withdraw funds up to six times per month? Now you can - through our new ICS (Insured Cash Sweep) service.

How Can ICS Benefit You?
Enjoy peace of mind. Feel good knowing that your funds are eligible for protection that's backed by the full faith and credit  of the federal government.

Earn interest. Put excess cash balances to work in interest-bearing money market accounts.

Maintain access to funds. Withdraw ICS funds up to six times per month. Plus, make an unlimited number of program deposits as long as you stay within the program withdrawal limits.

Rest Assured.  Know that your money is always on deposit in regulated, FDIC-insured institutions and that you can see (online) where your funds are at all times.

Save time. Work directly with just one bank.

How Does ICS Work?
By working with just our bank - the bank you know and trust - you can obtain protection through many. Plus, you receive one monthly statement. It's that simple.

Business Insured Money Market

The Business Insured Money Market offers you no term, instant liquidity, a competitive interest rate, and full FDIC coverage on deposits larger than $250,000.

• Tiered interest rate structure: 
  • $250,000 and above
  • $0.01 to $249,999
• No monthly service charge 
• Minimum opening deposit.........................$10,000
• More than 6 withdrawals per month............$20.00 each

Federal regulations limit you to no more than 6 debit transactions to third parties or to another account per monthly statement cycle.

Enrollment in the Insured Deposit Program requires a combined deposit relationship of $250,000. Interest is compounded and credited to the account monthly. Higher balances pay higher interest. Fees on interest bearing accounts may reduce earnings

Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements you enter with us, including the ICS Deposit Placement Agreement. Limits and customer eligibility criteria apply.