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In light of the much publicized recent failures of a few large regional banks, Grant County Bank wants to ensure that you feel comfortable in the knowledge that your money is safe and secure. Learn more about the steps we are taking to keep your money secure. 

Keeping Large Deposits Safe 

Depositors can protect their money in several ways if they are feeling uneasy after the failure of the Silicon Valley Bank. The FDIC covers up to $250,000 per depositor, but even if you have deposits that exceed the limit, we have other options to keep your money safe.

With the help of IntraFi Cash Services (ICS) and the Certificate of Deposit Account Registry Services (CDARs), depositors can sleep soundly at night knowing that their money is well protected.

What are ICS and CDARs?

Grant County Bank is pleased to provide options to ensure that our depositors have 100% FDIC insurance coverage, backed by the full confidence of the federal government. 

By partnering with IntraFi, we are able to provide programs to our customers that provide additional FDIC protection for their funds. 

Did you know—ICS and CDARs are trusted and tested products used by thousands of businesses, government entities, institutional investors, and individuals across the nation for cash management needs.

With ICS and CDARS, funds are placed into either a checking account or Certificate of Deposit. That means you get to choose the option or options that best meet your liquidity needs and keeps your money completely FDIC-insured.

How do they work?

IntraFi Cash Services makes keeping your money safe and secure easy. 

Step 1: A customer makes a large deposit with Grant County Bank.

Step 2: The customer’s funds are then placed with banks that participate in IntraFi’s network, up to totals of <$250,000 at each location.

Step 3: The funds are then FDIC-insured (up to $250,000).

Step 4: Our customer receives one monthly statement detailing all placements.

Step 5: Our customer gets peace of mind knowing their large investments are FDIC-insured throughout IntraFi’s network of participating banks—including Grant County Bank.

What else do I need to know? 

Our customers have the simplicity of working directly with us, and have the freedom and safety of large deposits being FDIC-insured. Convenience is a large part of why our customers use ICS and CDARs. With one-stop-shopping, folks are able to work directly with their local, community bank while receiving updates via monthly statements that detail all placements.

Learn more about ICS and CDARs options at your nearest Grant County Bank location or at intrafinetworkdeposits.com.