The Depositor Control Panel (DCP) is a secure website specially created to help you manage your ICS and CDARS account(s).
For your ICS accounts, you can check your balances, view where your funds could be placed, review and manage daily proposed fund placements,
view monthly statements (if your bank has opted in to allow this feature), track monthly program withdrawals and view your transaction history.
For your CDARS account, you can check current account balance, view statements and notices (if your bank has opted in to allow this feature).
How CDARS Works
Everything is handled through a CDARS Network member of your choice. The thousands of financial institutions that can offer CDARS are members of a unique network. When you place a large deposit with a CDARS Network member, that institution uses the CDARS service to place your funds into CDs issued by other members of the CDARS Network
This occurs in increments below the standard FDIC insurance maximum ($250,000) so that both principal and interest are eligible for FDIC insurance.
- One Bank - Access multi-million dollar FDIC insurance coverage by working directly with just one bank.
- One Rate - Earn one rate for each CD maturity and enjoy the option of reinvesting funds through a simple process.
- One Statement - Receive one easy to read statement from your bank summarizing all your CD holdings.
View Our CDARS Demo
How ICS Works
If you have deposits at a single bank in a single ownership capacity, then you have access up to $250,000 in FDIC insurance at that bank.
But with ICS®, the Insured Cash Sweep® service, you can access multi-million-dollar FDIC protection by working directly with just one bank that offers ICS.
Financial institutions that offer Insured Cash Sweep are members of a unique network – the ICS Network. Everything is handled through an ICS Network member of your choice. When you place a large deposit with an ICS Network member, that institution uses the ICS service to place your funds into demand deposit accounts (using the ICS demand option), money market deposit accounts (using the ICS savings option), or both, at other FDIC-insured member institutions.
The placement of your funds occurs in increments below the standard FDIC insurance maximum of $250,000 so that both principal and interest are eligible for FDIC insurance. By working directly with just one institution, you can access insurance coverage from many. And, you receive just one regular, monthly account statement for each service option utilized.
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FDIC-Insured - Backed by the full faith and credit of the U.S. Government
