Whether you need simple checking or checking that rewards, we've got you covered!


With the Insured Cash Sweep (ICS) service, your business can access multi-million-dollar FDIC insurance on funds placed into deposit accounts. There is no minimum beginning deposit requirement.

Why ICS?

Through ICS you can:

  • Enjoy Peace of Mind. ICS funds are eligible for multi-million-dollar FDIC insurance.
  • Earn Interest. Put excess cash balances to work in interest bearing accounts.
  • Save Time. By providing access to FDIC insurance through a single bank relationship, ICS can help public entities comply with investment policy mandates. And with access to FDIC insurance, you can reduce ongoing collateral-tracking requirements.
  • Access Funds. Enjoy daily liquidity in your transaction account at our bank; your transaction account can be replenished by withdrawing ICS funds.

How does ICS work?

When our bank places funds for you using ICS, your deposit is sent from your transaction account at our bank into deposit accounts at other ICS Network banks in amounts below the standard FDIC insurance maximum ($250,000). This makes your funds eligible for FDIC protection. As a result, you can access FDIC insurance coverage from many institutions while working directly with just us, an institution you already know and trust. It’s that easy.

Visit the ICS website for more information or contact Grand Savings Bank today at 800-460-2070.