Insured Cash Sweep

Access FDIC Insurance above $250,000 through a single bank relationship.

Insured Cash Sweep (ICS) service is a smart, secure, and convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility. ICS deposits are sent to demand deposit accounts or money market deposit accounts at other ICS Network banks.

With ICS accounts you can:

  • 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 demand deposit accounts using the ICS demand option or into money market deposit accounts using the ICS savings option.
  • Save Time. Work directly with just our bank – a bank you know and trust. Forego opening accounts under different insurable capacities or managing multiple bank relationships. Receive just one monthly statement from us summarizing your account activity and balances. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis.
  • Access Funds. Enjoy unlimited withdrawals using the ICS demand option, or make up to six program withdrawals per month using the ICS savings option. Your funds can be placed using either or both ICS options to best match your cash management and liquidity needs.

 

ICS Account Frequently Asked Questions

What is an ICS deposit?

Through an ICS, you can earn interest on funds placed into demand deposit accounts, money market deposit accounts, or both, and rest assured knowing that your ICS funds are eligible for multi-million dollar FDIC insurance.

You can also enjoy unlimited program withdrawals or up to six program withdrawals per month.

How does banking with ICS work?

When you bank places funds for you using ICS, your deposit is sent from your transaction account at Security First Bank into deposit accounts at other ICS Network banks in amounts below the standard FDIC insured maximum of $250,000. This makes your funds eligible for FDIC insurance protection.

As a result, you can access FDIC insured coverage from many institutions while working directly with Security First Bank.

How do I keep track of my ICS account balance?

With an ICS account, you will receive regular monthly statements from Security First Bank for each option showing your ICS deposit balances and other key information.

Additionally, you can check your ICS statement and track important information of interest to you online anytime through a specially designed Depositor Control Panel.

Is my information secure with an ICS?

Your confidential financial information remains protected with an Insured Cash Sweep and backed by FDIC insurance.

How do I begin using the ICS service with Security First Bank?

To get started with your ICS account, you’ll first need to sign an ICS Deposit Placement Agreement and a custodial agreement with Security First Bank.

After this, you will identify a checking account or other transaction. You may select an existing account or set up a new one to be used with each ICS option you choose.

Then, you will place funds through the Insured Cash Sweep by working directly with Security First Bank. We will do the legwork without charging customers any fees. Based on the ICS option you select, funds will be sent between your account(s) at Security First Bank and demand deposit accounts and/or money market deposit accounts at other ICS Network Institutions.*

Download Additional ICS Details

Manage your ICS account online through the Depositor Control Panel

Log In

*Please note if you are a first time user, your default user name will be your account number and your default password will be the last four digits of your Tax Identification Number (SSN or EIN).

*Based on triggering events as set forth in the ICS Deposit Placement Agreement you enter into with our bank.

Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements you enter into with us, including the ICS Deposit Placement Agreement. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month when using the ICS savings option. Insured Cash Sweep and ICS are registered service marks of Promontory Interfinancial Network, LLC.

Security First Bank Business Lenders

Nebraska

Beatrice
Mark Simonson Web

Mark Simonson

Loan Officer
402-223-4041
Email Mark Simonson

Chadron
Jason Carnahan Web

Jason Carnahan

Loan Officer
NMLS#: 616197
308-432-6860
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Tony Heiting Web1

Tony Heiting

Loan Officer
308-432-6860
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Clatonia
Chris Jones Web

Chris Jones

Loan Officer
402-989-4455
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Cody
Tom Cooper2 Web

Tom Cooper

Loan Officer
402-823-4151
Email Tom Cooper

Cortland
Chris Jones Web

Chris Jones

Loan Officer
402-989-4455
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Cozad
Bill Wilkinson2 Web

Bill Wilkinson

Loan Officer
818 Ave F
Cozad , NE 69130
308-784-4400
Email Bill Wilkinson

Jared Dugan Web

Jared Dugan

Loan Officer
308-784-4400
Email Jared Dugan

Crawford
Jennifer Knode Web

Jennifer Barry

Loan Officer
308-665-2600
Email Jennifer Barry

Elwood
Bill Wilkinson2 Web

Bill Wilkinson

Loan Officer
818 Ave F
Cozad , NE 69130
308-784-4400
Email Bill Wilkinson

Bryan Nelson Web

Bryan Nelson

Loan Officer
308-785-3366
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Harrison
Lacy Willey Web

Lacy Willey

Loan Officer
308-668-2436
Email Lacy Willey

Hay Springs
Jim Varvel Web

Jim Varvel

Loan Officer
308-638-4416
Email Jim Varvel

Lincoln
Alex Daubert Web

Alex Daubert

Loan Officer
5505 Red Rock Ln
Lincoln , NE 68516
402-323-8045
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Bart1

Bart Peters

Loan Officer
NMLS#: 616214
402-323-8045
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John Daubert Web

John Daubert

Security First Bank President
5505 Red Rock Ln
Lincoln , NE 68516
402-323-8045
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Merriman
Brian Kirk Web

Brian Kirk

Loan Officer
308-684-3312
Email Brian Kirk

Overton
Bill Wilkinson2 Web

Bill Wilkinson

Loan Officer
818 Ave F
Cozad , NE 69130
308-784-4400
Email Bill Wilkinson

Rushville
Rick Burleigh Web

Rick Burleigh

Loan Officer
308-327-2412
Email Rick Burleigh

Sidney
Clem Schumacher Web

Clem Schumacher

Loan Officer
308-254-4525
Email Clem Schumacher

Clinton Norman Web

Clinton Norman

Loan Officer
308-254-4525
Email Clinton Norman

Thedford
Brent Thomas Web

Brent Thomas

Loan Officer
308-645-2251
Email Brent Thomas

Valentine
Steve Brown2 Web

Steve Brown

Loan Officer
402-376-2470
Email Steve Brown

Tom Cooper2 Web

Tom Cooper

Loan Officer
402-823-4151
Email Tom Cooper

South Dakota

Martin
Brian Kirk Web

Brian Kirk

Loan Officer
308-684-3312
Email Brian Kirk

Rapid City
Brett Simons Web

Brett Simons

Vice President
Commercial Loan Officer
605-399-2740
Email Brett Simons

Dan Scheurer2 Web

Dan Scheurer

Sr. Vice President
Loan Officer
605-399-2740
Email Dan Scheurer

Kevin Deitz Web

Kevin Dietz

Commercial Loan Officer
605-399-2740
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