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Get more from Homeowners Association (HOA), Common Interest Development (CID) or Planned Unit Development (PUD) reserve funds—and make sure those funds are safe and eligible for FDIC insurance. Earn interest and access multi-million-dollar FDIC insurance through Alliance Association Bank’s offering of ICS® and CDARS®.

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How do ICS® and CDARS®1 work?

Even if your HOAs, CIDs or PUDs have more than $250,000 in deposits, ICS® and CDARS® make it possible for you to access FDIC insurance on millions, while only dealing directly with Alliance Association Bank.

Institutions, like ours, that offer ICS® and CDARS® are members of the IntraFi network. When we place your funds through the ICS® and CDARS® service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in demand deposit accounts or money market deposit accounts (using ICS®), or in CDs (using CDARS®), at multiple banks. As a result, you can access coverage from many institutions while working directly with just one.

If your funds are placed into CDs, you’ll receive one consolidated statement from our bank summarizing all of your CD holdings through CDARS®. If funds are placed into a demand deposit account or money market deposit account, you can see your balances and the location of your funds online at all times.

Get More Peace of Mind

Alliance Association Bank is the custodian for your funds placed using ICS® and/or CDARS®. This means you enjoy access to multi-million-dollar FDIC insurance, but only have to directly work with us – a bank you know and trust.

CDARS® features:

  • Terms ranging from four weeks to 36 months.
  • Higher-paying Relationship Rates when you have additional accounts or loans2 through Alliance Association Bank, or if you’re a lockbox3 customer.
  • $10,000 minimum balance requirement.

1. Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. ICS and CDARS are registered service marks of IntraFi Network LLC.
2. All offers of credit are subject to credit approval.
3. Funds deposited through the Lockbox will follow Western Alliance Bank’s funds availability policy as outlined in the Deposit Account Agreement Disclosure.