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FDIC Insured Investments


Simplify your banking and ensure your money is safe by leveraging Certificate of Deposit Account Registry Service (CDARS®1) and Insured Cash Sweep (ICS®1). These options are a convenient way to enjoy full FDIC insurance on your deposits in excess of $250,000.00. They also allow you to put excess cash balances to work with bankers you know and trust.

Benefits of these services include:

  • Earn interest and save time – Put excess cash balances to work in a variety of account types, all with multimillion-dollar FDIC insurance through a single bank relationship. 
  • Enjoy peace of mind - Receive multimillion-dollar FDIC insurance coverage, which is backed by the full faith and credit of the United States Government.
  • Support your community2 – Feel good knowing that your funds will support local lending initiatives to strengthen your community.

Insured Cash Sweep (ICS)

Through ICS®, the Insured Cash Sweep® service, you can benefit from multimillion-dollar FDIC insurance on funds placed into demand deposit accounts (using the ICS demand option), money market deposit accounts (using the ICS savings option), or both. Enjoy unlimited withdrawals using either the ICS demand option and the ICS savings option.

Certificate of Deposit Account Registry Service (CDARS)

Investing in a Certificate of Deposit through CDARS allows you to work with one bank to create a solution that is right for you. Maturity options range from 4 weeks to 3 years, and you’ll be able to negotiate one interest rate per maturity on all CD investments using just one bank, rather than having to negotiate multiple rates at multiple banks. Enjoy the simplicity of receiving one statement detailing all of your CD investments, with no hidden fees.

Contact your local branch or a Treasury Services expert at 888-853-7100 to see how we can help you put your excess cash to work.

How ICS and CDARS Work

As a member of the ICS/CDARS Network, when you place a large deposit with us using these services we first divide your deposit into amounts protected by the standard FDIC insurance maximum of $250,000.00. We then take these amounts and place them at other ICS/CDARS network banks using account types that work best for your needs. By working directly with Bar Harbor Bank & Trust, you can enjoy access to FDIC insurance at multiple institutions and the convenience of receiving one statement per service. As always, your confidential information is protected throughout the process.











1Placement of funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS or CDARS settlement for a deposit or after ICS or CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS or CDARS satisfies those restrictions. ICS, Insured Cash Sweep, Certificate of Deposit Account Registry Service and CDARS are registered service marks of Promontory Interfinancial Network, LLC, a non-affiliated third-party.

2When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the ICS or CDARS Network, we can use the full amount of a deposit placed through ICS or CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent to certain types of ICS or CDARS transactions, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.