Insured Cash Sweep

Please note that all Northern Bank branches and the Contact Center will be closing early on Tuesday, December 24, at 2:00 PM EST for Christmas Eve. The cutoff time for wire transfers on December 24 will be 1:00 PM EST. We will also be closed on Wednesday, December 25, for Christmas. As always, mobile banking, online banking and our ATM network are available to you 24/7. Happy Holidays from Northern Bank!

Insured Cash Sweep^®

Keep your funds
secure without limiting your account access.

A secure, convenient way to access large deposits.

Our Insured Cash Sweep (ICS) service gives you access to multi-million dollar FDIC insurance through a single bank relationship.

Features

Large deposits are divided into amounts under the standard FDIC insurance maximum of $250,000, and then placed in deposit accounts within other ICS Network banks.

Access ICS account balance and transactions history through business online banking (for business accounts only).

Receive a combined statement of your deposit account and your ICS account.

Benefits

Peace of mind knowing your funds are eligible for protection beyond $250,000 and will be backed by the faith and credit of the federal government.

Convenience — no need to track, manage multiple bank relationships or consolidate bank statements.

Flexibility to withdraw money when you need it. Access funds from your deposit account and the system will automatically pull needed funds from your linked ICS account. Excess funds over the threshold you set on your account will be automatically transferred to ICS.

Ready to take the next step? We're here to help!

Contact our Cash Management Team to learn more about how Northern Bank can help you realize your goals and dreams.

Insured Cash Sweep®