Business Cash Management
Hopeful start up or booming business, we can help you manage your money.
Business Cash Management
Hopeful start up or booming business, we can help you manage your money.
Insured Cash Sweep®
Simplify managing your organization’s large cash balances with Insured Cash Sweep® (ICS®). This convenient service gives you access to multi-million-dollar FDIC insurance, daily liquidity and competitive interest rates. You no longer have to open and manage accounts at several financial institutions in order to get the coverage you need. As an ICS member bank, we take care of your accounts for you and send you just one compiled monthly statement for each of your ICS service options.
-
How it works:
Your organization places a large deposit using ICS at Pinnacle Bank. We divide your deposit into smaller amounts under the FDIC insurance maximum. Then your funds are matched in deposit accounts with other ICS Network Banks using a reciprocal placement agreement.
Service Options
ICS Demand using Demand Deposit Accounts with unlimited monthly program withdrawals
ICS Savings using Money Market Deposit Accounts with up to six program withdrawals per month
Combination of ICS Demand and ICS Savings
-
Features
Secured
Access multi-million-dollar FDIC coverageStreamlined
Receive just one monthly statement per service option and eliminate ongoing collateral tracking requirements.Convenient
We manage your accounts, so you don’t have to.Interest
Variable