Insured Network Deposit
With an Insured Network Deposit (formerly Insured Cash Sweep or ICS) account, access multi-million-dollar FDIC protection through your banking relationship with North State Bank.
Account Details
With an Insured Network Deposit, you can place large deposit balances into a single account while receiving 100% FDIC insurance coverage.
How it Works
As an IntraFi network member, North State can place deposits that exceed standard FDIC insurance limits into money market deposit accounts at other FDIC‑insured member institutions. Funds are allocated in increments below the standard $250,000 insurance maximum, so both principal and interest remain fully protected.
This solution offers the security of FDIC insurance with the convenience of maintaining one banking relationship. You can also customize and automate how it works by selecting sweep thresholds that match your cash‑management needs.
It’s an excellent option for organizations whose balances exceed typical FDIC limits but still need liquidity and peace of mind.
