Access Millions in FDIC coverage with CDARS® and ICS®

CDARS and ICS provide security on your principal balance and interest

Competitive rates for money market deposit accounts and CDs, with a variety of terms
Receive one statement for each service and access to key details about your account(s)
Minimum investment of $100,000
Access multi-million dollar FDIC insurance protection on large deposits through participating network banks

The safest way to grow your money.

How much do you value peace of mind? Apple Bank participates in CDARS and ICS services offered by IntraFi®, offering safety-conscious investors access to multi-million dollar FDIC insurance protection on large deposits. Apple Bank offers the two programs to allow you to decide which way you want to invest your money.

CDARS, the Certificate of Deposit Account Registry Service®

You’ll have access to competitive CD rates with a variety of terms after entering into a CDARS Deposit Placement Agreement with us. When Apple Bank places your deposit through CDARS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed into deposit accounts at other network banks. As a result, you can access FDIC coverage from many institutions while working directly with us. Best of all, you’ll have a relationship with one bank, one statement from us detailing all of your CDARS placements and one rate per maturity.

ICS, the IntraFi Cash Service

The ICS program enables investors to access multi-million dollar FDIC insurance protection on large deposits, while earning a competitive interest rate. To get started, open or use your existing non-interest-bearing Apple Bank checking account, sign the agreements and deposit your funds. Your deposits are sent to interest-bearing money market deposit accounts at other FDIC-insured institutions in amounts under $250,000. You can make unlimited withdrawals from your ICS funds, so you have access to your money when you need it. And, with online access, you can view and monitor your accounts anytime.

Stop by your local branch or make an appointment to speak to an Apple banker for more information.



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 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.