Allows your business to earn interest on excess balances.
Allows your business to lock in a competitive fixed rate of return for a specified period on excess balances.
This account is for businesses who want a higher fixed rate of return and are willing to invest in more.
Lakeside can help you access FDIC Insured Protection for more than $250,000 on deposits placed through our Safe harbor ICS (Insured Cash Sweep) service. You may be eligible to invest and protect tens of millions of dollars! And, you'll earn competitive market interest rates with the safety of your funds guaranteed by the federal government.
Talk to us today to learn more! If you already have a personal Lakeside Banker, please call or email. If you don't, please call Angela Villegas, Vice President, and ICS specialist. Her direct line is 331-979-7405. Or, email her at [email protected].
Important Information
* Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement ("DPA"). Limits and customer eligibility criteria apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA"), a depositor's balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restricitons. ICS and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.
CDARS® is one of the safest and smartest investment vehicles for investors looking to protect their large-dollar investments while earning CD-level returns that may compare favorably to Treasury and money-market-fund yields.
CDs placed through CDARS® offer investors (including institutional investors, such as corporations, foundations, and endowments):
Investing through CDARS® can be a strong alternative to Treasuries. Like Treasuries, FDIC insurance is backed by the full faith and credit of the U.S. government.
Ask us about how CDARS® can work for you the next time you visit one of our branches, or email Grace Marcordes at [email protected] for more information.
Additional materials:
*See a Lakeside banker for a complete CDARS® package.
CDARS® CDs are considered bank deposits. They are not DTC eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty.
You should compare the current rates and features of CDs (including CDs placed through the CDARS® service) to other investment alternatives. Past performance may not be representative of future performance or success.
Limits apply. 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 CDARS® or a particular CDARS® transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS®.
CDARS® is a registered service mark of Promontory Interfinancial Network, LLC.
Lakeside Bank is not responsible for, and does not provide or endorse, this third-party’s products, services or other content. Lakeside Bank’s Privacy Notice and security practices do not apply to the site you are about to enter, so please review the third-party’s privacy and security practices.