Insured Accounts from CDARS® & ICS℠


CDARS, Certificate of Deposit Account Registry Service, is an effective way to access multi-million-dollar FDIC insurance coverage on your Certificates of Deposit. Everything is handled through Pinnacle Bank. Your large deposit is placed through CDARS, banks within the CDARS Network issue Certificates of Deposit representing the total amount of your deposit. By working directly with one bank – Pinnacle Bank – you can access insurance through many.


  • Access to multi-million-dollar FDIC insurance: Using the CDARS service, your funds can be eligible for multi-million-dollar FDIC protection.
  • One interest rate: You earn one interest rate per maturity on your Certificates of Deposit placed through CDARS. This interest rate is determined when you open up your CDARS service.
  • Easy Tax Reporting: Pinnacle Bank will provide one tax reporting document, eliminating the need to collect 1099’s from multiple financial institutions.
  • A wide variety of maturities: You can select from various maturities that ranging from 4 weeks to 5 years (260 weeks). You can choose the terms that best suit your investment needs.

Any business, non-profit organization or individual who wants to combine the convenience of working directly with a single bank with the security of FDIC insurance can benefit from CDARS.

Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.


ICS, the Insured Cash Sweep service, allows you to access multi-million-dollar FDIC insurance coverage on savings deposits, earn interest, and periodically withdraw funds. ICS operates much like a standard bank money market account.

All you need to do is set up a checking account, sign the ICS agreements, and deposit your funds. Your funds are then sent to other banks in the ICS Network in amounts below the standard FDIC insurance maximum. By working directly with just Pinnacle Bank, you can access protection through many. Plus you receive one monthly statement.


  • Enjoy Peace of Mind: Feel good knowing your ICS funds are eligible for protection that’s backed by the full faith of the federal government.
  • Earn Interest: Put excess cash balances to work in interest-bearing savings accounts [money market deposit accounts].
  • Access to Funds: You can withdraw ICS funds up to six times per month and make an unlimited number of deposits. You will receive one statement and you can review your ICS account on-line, 24/7.
  • Save Time: You can now consolidate your deposits through one bank relationship and eliminate receiving statements from multiple banks.

For more information regarding CDARS and ICS, give us a call at 864.233.6915.

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