Protecting Your Deposits: How Malvern Bank Uses CDARS & ICS to Keep Your Money Fully FDIC Insured

At Malvern Bank, your trust means everything to us — and that includes keeping your deposits safe.

You probably already know that the FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. But what happens when you have more than that? Maybe you’re a business, municipality, nonprofit, or individual who needs to keep a larger amount on deposit.

That’s where CDARS and ICS come in. These programs help you access multi-million-dollar FDIC insurance coverage — all while keeping your banking relationship right here at Malvern Bank.

What Are CDARS and ICS?

CDARS (Certificate of Deposit Account Registry Service®) and ICS (Insured Cash Sweep®) are two programs that make it easy to protect large deposits while earning interest — without having to open accounts at multiple banks.

Both are offered through a nationwide network of participating financial institutions. When you place your funds with Malvern Bank, we handle the rest. Your deposits are automatically divided into smaller amounts and placed at other banks in the network, each under the $250,000 FDIC limit.

You’ll still work only with Malvern Bank, and you’ll receive one statement, one rate, and one point of contact — us.

Whether you want long-term savings (CDARS) or flexible access (ICS), both options give you peace of mind that every dollar is insured.

How It Works

1. You deposit your funds at Malvern Bank. For example, say you want to place $1 million.

2. We handle the rest. Your money is divided into smaller amounts (each under $250,000) and placed in CDs or deposit accounts at other member banks across the country.

3. You stay fully insured. Because each portion is held at a different FDIC-insured bank, your full balance is protected.

4. You receive one statement. All your funds and interest are reported in one place — through Malvern Bank.

Why Customers Choose CDARS & ICS

• Full FDIC coverage – Protect multi-million-dollar deposits.
• Simplicity – Work directly with Malvern Bank; no need to manage accounts at multiple institutions.
• Earning potential – Earn interest through CDs or money market accounts.
• Community connection – Keep your deposits local while benefiting from a national network.

Who Can Benefit

• Businesses needing to safeguard operating funds or reserve balances.
• Municipalities holding public funds that require full insurance.
• Nonprofits and community organizations managing grant or donation money.
• Individuals who prefer to keep higher balances in one trusted place.

Keeping It Simple and Secure

With CDARS and ICS, you don’t have to choose between safety and simplicity. You’ll enjoy the full protection of FDIC insurance while keeping your banking relationship close to home with Malvern Bank — the bank that builds community.

Want to learn more?
Talk to your Malvern Banker about how CDARS or ICS could help you protect your larger deposits today.