If you have substantial cash balances, protecting your deposits while keeping your banking simple can be a challenge. Fortunately, IntraFi® Cash Service® (ICS®) and Certificate of Deposit Account Registry Service® (CDARS®) make it possible to access multi-million-dollar FDIC insurance all while working directly with First National Bank of Michigan.

What Are ICS and CDARS?

Both ICS and CDARS are deposit solutions designed for customers with balances that exceed the standard FDIC insurance limit of $250,000 per depositor, per insured bank, per ownership category.

Instead of opening accounts at multiple financial institutions to increase your FDIC coverage, First National Bank of Michigan can place your deposits into a network of participating banks in amounts below the FDIC insurance limit. You continue to work with your trusted local banker while benefiting from expanded deposit insurance.

ICS: Flexible Access to Your Funds

ICS is ideal for customers who want to maintain access to their cash while enjoying expanded FDIC insurance. Funds can be placed into interest-bearing demand deposit or money market accounts, providing both liquidity and peace of mind.

ICS may be a great fit if you’re:

• Holding proceeds from the sale of a home or business
• Managing a large inheritance or insurance settlement
• Saving for a major purchase
• Keeping significant cash reserves readily available

CDARS: Earn Interest with the Security of FDIC Insurance

If you have funds you don’t need immediately, CDARS allows you to place large deposits into Certificates of Deposit (CDs) through the IntraFi network while maintaining access to multi-million-dollar FDIC insurance.

You’ll enjoy:

• Competitive CD interest rates
• Flexible CD terms
• One relationship with First National Bank of Michigan
• One consolidated statement
• No need to manage accounts at multiple banks

Why Customers Choose ICS and CDARS

These solutions offer several important advantages:

• Access to multi-million-dollar FDIC insurance.
• Keep your banking relationship with First National Bank of Michigan.
• Eliminate the hassle of opening and tracking accounts at multiple financial institutions.
• Receive one statement and simplified recordkeeping.
• Enjoy the confidence that your deposits remain protected.

Talk With Your Banker

Whether you’re preserving wealth, managing the proceeds from a recent financial event, or simply looking for a secure place to keep large cash balances, ICS and CDARS can help you protect your money while simplifying your banking.

Contact your local First National Bank of Michigan office to learn how ICS and CDARS can help you maximize your FDIC insurance and make the most of your savings.

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