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How can deposits greater than the standard FDIC insurance maximum be eligible for insurance by the FDIC?

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The FDIC insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at an FDIC-insured depository institution. Institutions, like ours, that offer ICS and/or CDARS are members of a special Network. When we place your deposit through the ICS or CDARS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed in demand deposit accounts or CDs (using CDARS) at multiple banks. As a result, you can access coverage from many institutions while working directly with just one.

Rest Assured

Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government

Earn Interest

Put excess cash balances to work by placing funds into demand deposit accounts, and/or interest-bearing certificates of deposit (CDs) using CDARS. Earn one rate on your ICS demand deposits, and one rate per maturity for your CDARS deposits

Save Time

Work directly with just our bank—a bank you know and trust. Forego opening accounts under different insurable capacities or managing multiple bank relationships. Receive just one monthly statement for each service from us summarizing your account activity and balances. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis1

Frequently Asked Questions

Why ICS® and CDARS®?

ICS and CDARS are a smart, secure, and convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility.

How often can I access my funds?

You can make unlimited program withdrawals using the ICS demand option. With CDARS, select from a range of maturities.

Who has custody of my funds?

Funds placed through ICS and/or CDARS are deposited only in FDIC-insured banks. We act as custodian for your ICS deposits, and the subcustodian for ICS and CDARS deposits is The Bank of New York Mellon (BNY Mellon), the largest custodian in the world.2

Who provides the additional FDIC insurance when my funds are placed using ICS and/or CDARS?

Through ICS and CDARS, funds are placed with other network members, and those network members provide you with access to the additional FDIC insurance coverage. Working directly with just our bank, you can access coverage through many.

Is my account information safe?

You work directly with just us—the bank you know and trust. As always, your confidential information remains protected.

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[1] If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through ICS or CDARS, or a particular ICS or CDARS transaction, satisfies those restrictions.

[2] Please see https://www.bnymellon.com/us/en/about-us/about-bny-mellon.html for details.

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.

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Investments are NOT FDIC Insured, not Bank guaranteed, not a deposit, and not insured by any federal government agency. Investments may lose value.

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To help visitors understand information on this website in a variety of languages, Columbia Bank offers GoogleTM Translate, an unaffiliated third party service, which automates translation of the website. The GoogleTM Translate automated translation tool is not perfect and should not be relied upon. Automated translation may miss context, the full meaning may be lost, or words, phrases or sentences may be inaccurately translated. In addition, to the extent GoogleTM Translate caches and presents older versions of the Columbia Bank website content, that is beyond the control of the Columbia Bank site and its operators who accept no responsibility or liability for the outdated translation.

As a result, Columbia Bank does not make any promises, assurances, or guarantees as to the accuracy of the translations provided or the accuracy of the converted text. Columbia Bank and its affiliates disclaim and will not accept any liability for damages or losses of any kind caused by or arising out of the use of or reliance on the Google Translate feature. Where there is any question, the English version is always the authoritative version of the website.

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Please be advised that deposit and loan disclosures and contractual documents will only be provided in English.

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