Insured Deposits

Added Insurance for Your Deposit

All deposits placed at East West Bank are covered by the standard FDIC insurance amount of $250,000 per customer. If your deposits exceed this amount, we can help you unlock more insurance protection for greater peace of mind.

How does it work?

We offer two services to give you added FDIC insurance coverage: Certificate of Deposit Account Registry Service (CDARS) and Insured Cash Sweeps (ICS). When you use these services, we’ll split your deposit into increments less than $250,000 and place these funds across our network of well-capitalized banks. By doing this, your entire deposit remains fully protected, while you continue to work with just one bank.


CDARS - CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICE

With CDARS, you can access insurance on deposits up to $50 million and earn interest rates comparable to CDs. Maturities range from 4 weeks to two years.


ICS - INSURED CASH SWEEP SERVICE

ICS allows you to place funds into demand deposit and/or money market deposit accounts. You can deposit up to $125 million for each account type. With this option, you can enjoy expanded insurance protection and still have the flexibility to access your funds when you need them.

CDARS vs ICS at a Glance
  CDARS ICS
Access to Funds CDARSEarly withdrawals before maturity are subject to penalty ICSAnytime without penalty 
Interest Rate CDARSTypically Higher ICSTypically Lower
Max. Deposit Limit CDARS$50 Million ICS$125 Million
Combined Deposit Limit* CDARS & ICS$190 Million
Suitable for CDARSIndividuals, businesses, or entities who want FDIC insurance coverage on large deposits and do not require immediate access to funds. ICSIndividuals, businesses, or entities who want FDIC insurance coverage on large deposits and need liquidity in funds.

Need help?

If you have additional questions or would like to enroll in our Global Transaction Services, please contact us during our convenient business hours.

Give us a call at

888.761.3967

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