High-Balance Deposits

Secured by the FDIC

Insure balances up to $125 million per tax ID, for free. For accounts that exceed the $250,000 FDIC limit, Primis offers ICS® (Insured Cash Sweep) and CDARS® (Certificate of Deposit Registry Service).

Talk to a Deposit Specialist

Extended Coverage Means More Protection.

Protecting your funds is more important than ever. The FDIC protects deposits up to $250,000 per depositor per insured bank for each account ownership category.

If your balance at Primis exceeds $250,000, and all deposits are within the same account ownership category, we can help secure up to $125 million in FDIC protection per tax ID or social security number.

Interested? Please review the following information and contact your local banker directly or fill out the form below for additional information.

Tip: The FDIC’s Electric Deposit Insurance Estimator (EDIE) is a digital tool that helps you know how the insure rules and limits apply to you and your accounts.

How does it work?

Primis is a member of the ICS Network and the CDARS Network, meaning that when you make a large deposit with us, we can divide that up into accounts (with a maximum balance of $250,000) at other network institutions. When using ICS, your funds will be divided up to multiple money market accounts at other FDIC-insured institutions, keeping your confidential information protected. For CDARS, those funds will be deposited into CDs instead.

PEACE OF MIND

Nobody has ever lost a penny of FDIC-insured deposits, make sure your funds beyond $250,000 are protected too.
EARN INTEREST

Excess cash balances can be put to work, earning you returns, in money market accounts (through ICS) and CDs (through CDARS).
SAVE TIME

Work with us directly. The same Primis staff that knows your name will have complete control on giving you access to multi-million-dollar FDIC insurance. No need to memorize dozens of online banking logins.
ACCESS FUNDS

You can make up to six withdrawals per month from ICS funds placed into outside money market accounts. For CDARS, select from a range of CD term options to meet your liquidity needs.