Business Investments with FDIC Protection

Certificate of Deposit Account Registry Services (CDARS) and Insured Cash Sweep (ICS)

Business investments with FDIC protection.

Bangor Savings Bank is a member of the Promontory Interfinancial Network, which allows us to offer FDIC insurance on deposits up to several million dollars. 

Enjoy peace of mind by using deposit options eligible for the following:

  • Earn interest on excess operating balances
  • Receive full FDIC coverage up to several million dollars
  • Flexible terms to meet obligations
  • Save time by working directly with one bank
  • Monthly statement provides reporting of balances and FDIC allocation

Insured Cash Sweep (ICS)

The Bank offers ICS accounts as both operating demand deposit (checking) accounts tied to an interest-bearing sweep or as a standalone money market account with limited transactions. Funds in the ICS are viewable and transferable through online banking. Reporting is available daily online and monthly via statements.

Certificate of Deposit Account Registry Services (CDARS)

CDARS are structured very much like certificates of deposits. Your large deposit would be broken into smaller amounts and placed as CDs with other banks in the CDARS network, so that your entire investment is eligible for FDIC insurance.

Zero Balance Accounts

Link your company's master account to subsidiary accounts that hold zero or threshold balances. Individual deposit and disbursement accounts are maintained to facilitate account reconciliation. Funds from the accounts are consolidated nightly to maximize investment opportunities.

To learn more about our government products and what may fit your needs best, contact our Corporate Services Team!


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