Insured Sweep Account and CDARS®
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Protection for Your deposits
At Fidelity Bank, your trust and financial security are our top priorities. For clients with balances above the standard FDIC insurance limit of $250,000, we offer Insured Sweep Accounts and access to CDARS® (Certificate of Deposit Account Registry Service®). These programs allow you to protect your full deposits while enjoying the simplicity of working with one bank you already know and trust.
How It Works
Insured Sweep Account and CDARS® help distribute eligible deposits among participating network banks in amounts designed to remain within FDIC insurance limits at each institution. This allows customers to access coverage beyond the standard insurance amount available at a single bank while continuing to work with the bank they know and trust.
Customers enjoy the convenience of:
- One banking relationship
- One primary account
- One statement
- One tax reporting process
- Access to expanded FDIC insurance coverage across network institutions, subject to applicable requirements and limits
Why Choose an Insured Sweep Account?
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Extended FDIC Insurance – Coverage for deposits above $250,000.
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Convenience – Manage everything through your Fidelity Bank relationship.
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Earnings Potential – Put your money to work while keeping it protected.
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Simplified Reporting – Easy-to-read statements summarizing your accounts.
Maintain your local relationship
- Keep Large Cash Balances Secure – our network provides an efficient solution for protecting substantial cash deposits.
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Maintain Your Local Banking Relationship – You don’t have to move funds to large national institutions to obtain additional deposit insurance coverage.
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Simplify Cash Management – Streamline the process by working through a single primary banking relationship.
- Support Local Banking – Because NBID is a bank-owned and bank-governed network.
CDARS®: For Certificate of Deposit Investments
- With CDARS®, large CD investments are divided into smaller amounts and placed with member banks, giving you:
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The confidence of full FDIC insurance.
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Fixed interest rates for each CD term.
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A simple option to reinvest when CDs mature.
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One clear statement with all your CDARS® details.
Ideal For
These solutions may be beneficial for:
- Commercial businesses
- Municipalities and public entities
- Nonprofit organizations
- Fiduciaries and trust accounts
- Escrow and IOLTA accounts
- High-net-worth individuals
- Organizations maintaining significant cash reserves
Insured Sweep Account and CDARS® Rates
| Certificate of Deposit Account Registry Service (CDARS), Insured Cash Sweep (ICS) and Business Sweep rates are quoted by the Business Services Department. Referral to Business Services Department Required. |
Effective Date: Saturday September 19, 2026
| Minimum Balance | Rate | APY |
|---|---|---|
| $250,000 | 0.030% | 0.03% |
Need help?
For more information or questions, please contact us by phone at 1-800-388-4380 or email us at Fidelity@fddbank.com.
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