Protect your peace of mind
You work hard for your money, and so do we. The FDIC insures up to $250,000 in your GSB account. If your account balance rises above $250,000, you may deposit the surplus with other ICS network institutions. This ensures that all your money stays protected.
The best part? Your funds stay liquid and remain accessible whenever you need them.
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How does it work?
The FDIC insures deposits up to $250,000. Insured Cash Sweep takes funds in excess of the FDIC-insured amount and deposits those funds into other ICS member institutions. Because the funds are held at another institution, they become FDIC-insured.
Insured Cash Sweep doesn’t just protect your large deposits, it gives you access to beneficial interest rates and accounts at these other member institutions.