Would you like to access multi-million-dollar FDIC protection on your deposits, earn interest, and enjoy flexibility at the same time? Now you can—through Insured Cash Sweep ICSSM.1
With ICS, you can have it all:
Rest assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
Earn interest. Put excess cash balances to work by placing funds into money market deposit accounts using the ICS savings option.
Enjoy flexibility. Enjoy full liquidity through unlimited program withdrawals using the ICS demand option, or access funds by making up to six program withdrawals per month using the ICS savings option.
Save time. Work directly with just Business Bank of Texas.
The FDIC generally insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at an FDIC-insured depository institution. Your ICS funds are divided into amounts under the standard FDIC maximum and placed with other ICS Network members – each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each member bank. By working directly with our bank, you can access insurance through many. You do not pay a fee to use this service, and you receive just one consolidated, monthly account statement from us. (You can also see, online, where your funds are at all times.)
You have unlimited program withdrawals using the ICS demand option and up to six program withdrawals per month using the ICS savings option.
Funds placed through ICS are only deposited in FDIC-insured banks. We act as custodian for your ICS deposits, and the subcustodian for ICS deposits is The Bank of New York Mellon, the largest custodian in the world with total assets of more than $25 trillion.2
Through ICS, funds are placed with other ICS Network members, and those Network members provide you with access to the additional FDIC insurance coverage. Working directly with just Business Bank of Texas, you can access coverage through many.
You work directly with just Business Bank of Texas. As always, your confidential information remains protected.
 Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, you enter into with us. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month when using the ICS savings option.
 As reported by The Bank of New York Mellon in June 2012. Please see http://www.bnymellon.com/about/index.html for details.