At First National Bank of Michigan (FNBM), protecting your money is more than a promise — it’s our priority. Through the Insured Cash Sweep (ICS®) and Certificate of Deposit Account Registry Service (CDARS®) programs, you can enjoy access to multi-million-dollar FDIC insurance coverage while continuing to work directly with your trusted local bank.

________________________________________

Rest Easy with Expanded FDIC Protection

Even if your deposits exceed the standard FDIC insurance limit, your funds remain protected. With ICS and CDARS, your deposits are divided into amounts below the $250,000 FDIC limit and placed at multiple FDIC-insured institutions — giving you expanded coverage, all through FNBM. Unlike accounts subject to market fluctuations, your principal is secure and protected from volatility.
________________________________________

Earn Interest and Keep It Simple

Your funds don’t just stay safe — they work for you. With ICS, you can earn interest on demand deposit or money market accounts. With CDARS, you can enjoy the security and returns of CDs across a range of maturities.
Best of all, you can manage everything through FNBM. There’s no need to open accounts at multiple banks, track collateral, or manage multiple statements. You’ll receive one easy-to-read statement and have 24/7 online access to your account details.
________________________________________

Manage Liquidity on Your Terms

With ICS, you can access funds easily from demand deposit and money market accounts. With CDARS, you can customize CD terms to meet your cash flow and liquidity needs — giving you flexibility while maintaining protection.
________________________________________

Keep Your Money Working Locally

When you place funds through ICS or CDARS at FNBM, your money stays in the community. That means your deposits help support local lending, fueling growth for area businesses and strengthening Michigan’s economy.
________________________________________

How ICS Works

As a member of the IntraFi® network, FNBM places your deposits into amounts below the FDIC insurance limit and allocates them among multiple FDIC-insured banks. You’ll still work directly with us, receive one consolidated statement, and retain full access to your account information anytime, anywhere.
Learn more about ICS by visiting our website.
________________________________________

Why Choose CDARS

CDARS is a simple, secure way to protect large deposits while earning competitive, CD-level returns. Instead of managing multiple bank relationships or collateralized deposits, CDARS handles everything for you — offering FDIC insurance on amounts beyond $250,000 per bank, per depositor, through a single relationship with FNBM.
Each CD is issued below the FDIC limit, ensuring full insurance eligibility across participating institutions. You’ll enjoy one relationship, one statement, and peace of mind. Learn more about CDARS by visiting our website.
________________________________________

Your Money. Protected. Productive. Local.

With ICS and CDARS at First National Bank of Michigan, you can rest easy knowing your funds are fully protected, earning interest, and helping build a stronger community right here at home.

Posted in News