FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Protecting Your Large Balances
Learn how Frandsen Bank & Trust can safeguard balances above the FDIC-insurance amount of $250,000.
Managing large deposit balances can feel complicated, but it doesn’t have to be. Frandsen Bank & Trust provides solutions to help customers protect deposits above the standard FDIC insurance limit of $250,000.
There are two options available: ICS®, the IntraFi Cash Service®, and CDARS®, the Certificate of Deposit Account Registry Service®. Through these programs, funds greater than $250,000 are placed with FDIC-insured banks within the network. Balances are distributed in amounts less than $250,000 at each partner bank. You receive one monthly statement detailing all your placements, and your confidential information remains protected.
With ICS and CDARS, you can have peace of mind that your funds are protected, while maintaining flexibility to access your money.
As a community-focused bank, your banker will work closely with you to implement strategies that meet your financial needs. Protecting what you worked hard to earn is our priority. Contact your banker to learn more.
Cookie Settings
Frandsen Bank & Trust collects information like cookies to give you the best possible experience online. For example, cookies help us remember your preferred bank location every time you visit. You can choose to accept all cookies or limit usage to essential cookies only.
View our Cookie Policy to better understand what data we collect and how we use it.