Access FDIC Insurance Above $250,000

Westside State Bank is proud to offer access to FDIC insurance for accounts above the FDIC insurance limit ($250,000) through CDARS and ICS.

The placement of your funds for both CDARS and ICS occurs in increments below the standard FDIC insurance maximum of $250,000 so that both principal and interest are eligible for FDIC insurance. By working directly with just one institution, you can access insurance coverage from many. And, you receive just one regular, monthly account statement per service from us.

How CDARS works

CDARS is also known as the Certificate of Deposit Account Registry Service©. When you place a large deposit with Westside State Bank, a CDARS Network member, we use the CDARS service to place your funds into CDs issued by other members of the CDARS Network.

CDARS Customer Brochure

How ICS works

ICS is also known as the Insured Cash Sweep Service©.

When you place a large deposit with Westside State Bank, an ICS Network member, we use the ICS service to place your funds into money market deposit accounts at other FDIC-insured member institutions.

ICS Customer Brochure

To learn more about these services, or for a list of current rates please contact us here.