One of the greatest benefits of having an account at an FDIC-insured bank is deposit insurance, which protects your money. This benefit typically covers up to $250,000 per depositor. Any funds above that may not be protected.
1st Insured Cash Sweep helps you access additional FDIC insurance on those extra funds. You can add this service onto a new or existing checking account* at no cost to you. At the end of each day, any funds over $250,000 are automatically swept into separate accounts at any of the 150+ FDIC-insured banks in our network.
You’ll enjoy the peace of mind that your cash is insured without having to manage multiple banking relationships. Manage all of your money in one place, and we’ll take care of the rest.
*Must be a non-interest-bearing checking account.
Simple cash management for everyone
Individuals
Grow your wealth without putting it at risk. Access millions of dollars in FDIC insurance to make sure your retirement, college savings, vacation fund, or rainy day cash is secure. Joint accounts receive double the current expanded FDIC insurance limit.
Businesses
Keep your assets liquid and avoid withdrawal limitations. 1st Insured Cash Sweep keeps your money accessible through one simple account and manages transfers automatically. Extra insurance coverage protects what you’ve worked hard to build—without getting in the way of day-to-day operations.
Helpful resources
Learn more about this service and how it can secure your assets.
Download the most recent Customer Program Agreement Update.