Choose A Personal Savings Account that is Right For You!

Insured Cash Sweep (ICS)®

Insured Cash Sweep is a cash management tool for customers who want to secure large deposits while maintaining access to their funds.  A perfect alternative to repurchase agreements and other less flexible accounts, ICS offers competitive interest, same day access to your money and multi-million dollar FDIC insurance. This product is available to personal and business banking customers. As a member of the ICS network, Independence Bank offers large deposit customers access to a cash management tool that will secure their funds and streamline their business.

• Maintain FDIC insurance coverage by working directly with Independence Bank
• Receive one consolidated monthly statement for all of your accounts
• Check accounts online 24/7 

Here's how it works: 

(Consumer Only)

1. You pledge to save a specific amount each week for 50 weeks.
2. If your pledge is met at the end of 50 weeks, Independence Bank will match one week’s contribution (Up to a maximum of $200).
3. Christmas Club account must be opened by January 31st in any given year in order to participate in that year's Christmas Club.

So, if you pledge $20 per week, you will save $1,000 after 50 weeks. If you have $1,000 in your Christmas Club Account at the end of 50 weeks, IB will add another $20 to your account as a reward for your savings.

It's Always a Happy Holiday at Independence Bank!

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