Protect Large Deposits with Greater Peace of Mind
ProGrowth Bank offers Extended FDIC Coverage solutions designed to help businesses, public entities, nonprofits, and individuals protect large cash balances while keeping banking simple and convenient.
Using ICS® and CDARS® through the IntraFi® network, customers can access millions in aggregate FDIC insurance coverage—all while working directly with the trusted team at ProGrowth Bank.
Using ICS® and CDARS® through the IntraFi® network, customers can access millions in aggregate FDIC insurance coverage—all while working directly with the trusted team at ProGrowth Bank.
Why Customers Choose Extended FDIC Coverage
Expanded FDIC Protection
Access FDIC insurance coverage beyond traditional limits through a network of participating FDIC-insured banks.
Access FDIC insurance coverage beyond traditional limits through a network of participating FDIC-insured banks.
One Trusted Banking Relationship
Avoid the complexity of opening and managing accounts at multiple financial institutions. Work directly with ProGrowth Bank while enjoying expanded coverage.
Avoid the complexity of opening and managing accounts at multiple financial institutions. Work directly with ProGrowth Bank while enjoying expanded coverage.
Convenient Account Management
Receive consolidated statements and easy online access to balances, transactions, interest details, and account information.
Receive consolidated statements and easy online access to balances, transactions, interest details, and account information.
Flexible Cash Access
• ICS® offers access to funds placed in demand deposit accounts.
• CDARS® provides CD options with a variety of maturities to support your savings goals.
• ICS® offers access to funds placed in demand deposit accounts.
• CDARS® provides CD options with a variety of maturities to support your savings goals.
Competitive Interest Earnings
Put excess cash balances to work while maintaining access to FDIC protection.
Put excess cash balances to work while maintaining access to FDIC protection.
Support Your Local Community
Funds placed through these services may help support local lending opportunities and economic growth in the communities we serve.
Funds placed through these services may help support local lending opportunities and economic growth in the communities we serve.
How It Works
Deposits are divided into amounts under the standard FDIC insurance limit and placed at participating FDIC-insured banks within the IntraFi network. This allows eligible deposits to receive expanded FDIC insurance coverage while you continue banking directly with ProGrowth Bank.
Who Can Benefit?
Extended FDIC Coverage may be ideal for:
• Businesses and commercial clients
• Municipalities and public funds
• Nonprofit organizations
• Property managers and fiduciaries
• Individuals with large cash deposits
• Businesses and commercial clients
• Municipalities and public funds
• Nonprofit organizations
• Property managers and fiduciaries
• Individuals with large cash deposits
Get Started Today
Talk with the ProGrowth Bank team to learn how Extended FDIC Coverage through ICS® and CDARS® can help protect your large deposits while simplifying cash management.