Have Peace of Mind with Our Multi-million Dollar FDIC Protection Program

If you are seeking higher levels of FDIC coverage for your personal and/or business deposits, let us open a multi-million dollar FDIC insured sweep account today and immediately ensure the safety and security of all your deposits.

With our multi-million dollar FDIC protection program, you can enjoy access to millions of dollars of FDIC protection on all of your deposits. It makes common sense to protect all the funds in your account.

Enjoy full liquidity with a healthy return.

Rest assured, we can protect all your hard-earned money! 


Peace of Mind

Rest assured knowing that funds are eligible for FDIC insurance protection in amounts well into the millions, all backed by the full faith and credit of the federal government. And since deposit accounts are not subject to floating net asset values, you can feel secure knowing that market volatility will not negatively affect principal.


Interest & Liquidity 

Put cash balances to work and enjoy easy access to your funds in demand deposit accounts or money market deposit accounts.


Time Savings

Work directly with us―a bank you know and trust―to access multi-million-dollar FDIC insurance and forego the need to track collateral on an ongoing basis, or to manually consolidate statements and disbursements from multiple banks.


Three Simple Steps

  1. Designate an account. Identify a checking account or other transaction account to use. You may select an existing account or open a new one.
  2. Complete the paperwork. Sign the applicable Deposit Placement Agreement and a custodial agreement.
  3. Make your deposit. You work directly with just our bank. We do all the legwork. At your direction or based on triggering events outlined in the applicable Deposit Placement Agreement, funds will be sent from your transaction account at our bank to deposit accounts at other FDIC-insured institutions in increments below the FDIC insurance maximum of $250,000. This way both principal and interest are eligible for FDIC insurance. 


To learn more, contact one of our Treasury Management specialists:

Kathy Mitchley, CTP
Senior Vice President, Director of Treasury Management
Kathy Mitchley, CTP Profile Image

Kathy Mitchley is a Treasury Management Consultant for Bank Midwest. Kathy has been in the banking industry for over 25 years. Prior to joining Bank Midwest, Kathy has extensive history in Corporate Foreign Exchange trading in South Africa. Kathy received her CTP designation in 2003 and has a passion for providing treasury management solutions for her business clients.  

Deposit placement through ICS are 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 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. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.