ICS Savings - Make Large Deposits in Maine | Machias Savings Bank

The Thrive Maine forgivable loan program administered by FAME opens at 9:00 a.m. on Tuesday, May 23nd and closes at 4:30 p.m. on Friday, June 23rd. Click here for details. 

Prepare to apply with resources and tools from FAME by clicking here.

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By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.

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By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.

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Insured Cash Sweep (ICS) Savings

Insured Cash Sweep Savings

You deserve peace of mind. Making large deposits just got a whole lot easier. Forget the days of parsing funds to different banks so you could keep FDIC insurance. With an Insured Cash Sweep Savings account from MSB, you don't have to worry about not having FDIC insurance and you don't have to work with several banks to get the coverage you desire. All of your funds are right where you want them, all fully covered by FDIC—and you can access your funds anytime you need. Welcome to peace-of-mind.

Details

  • Work directly with MSB to access multimillion-dollar FDIC protection
  • ICS has the capacity to collateralize any one client up to a limit of $100 million in deposits
  • 6 program withdrawals per month

Contact a Cash Management Specialist

OUR FOCUS

As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.

 

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