Fully FDIC-Insured Deposits

GRB provides a wide range of financial services designed to help Business and Municipal organizations manage their funds while remaining fully insured by the FDIC.

How it Works

Your public unit or Business can access multi-million dollar FDIC insurance on funds placed into money market deposit accounts using the ICS® (Insured Cash Sweep) or CDs using CDARS® (CD Account Registry Service). 

GRB is a member of the Promontory Interfinancial Network, which provides our customers with multi-million dollar FDIC protection on CD and Money Market accounts. Funds are placed into CDs or Money Market accounts at other banks in the network – in increments less than the FDIC insurance maximum – so that both principal and interest are eligible for FDIC protection.

FDIC-Insured Deposits


  • ICS (Insured Cash Sweep) – A Money Market account for more liquid savings. Funds can be withdrawn up to 6 times per month along with unlimited deposits (as long as you stay within the program withdrawal limits).
  • CDARS (CD Account Registry Service) – Certificates of Deposit with a wide range of maturities to choose from (four weeks to five years), allowing you to choose the term that best serves your investment needs. You can ladder CDs or combine maturities to create the equivalent of a customized term.


  • Peace of mind. Your funds are placed in member banks by the FDIC and backed by the full faith and credit of the U.S. government. 
  • Earn interest. Put excess cash balances to work in a money market deposit account.
  • Liquidity. Withdraw ICS funds up to six times per month. Plus, make an unlimited number of program deposits. 
  • Save time. While your funds will be placed through many banks, you only work directly with GRB. You will receive one easy-to-read statement summarizing all your holdings.
  • Support our community. Your deposits that stay at GRB are loaned back to the community, driving the business growth that helps our local economy. 

One Bank. One Rate. One Statement.

While your CDARS or ICS deposits will be placed through many banks, you only have to work directly with one bank, GRB. As always, confidential account information remains protected. You will negotiate one rate with GRB for each CD maturity and enjoy the option of reinvesting funds through a simple process. You will receive one easy-to-read statement from GRB summarizing all of your CD and/or Money Market holdings.

There is also no need to manually consolidate account statements or internal disbursements. The benefits of one bank, one rate, and one statement can reduce your administrative burdens (especially during tax and financial reporting seasons), providing you with more time to focus on profit-generating activities.

As always, your confidential account information remains protected.

Placement of your funds through the ICS service is subject to terms, conditions, and disclosures set forth in the agreements you enter into with us, including the ICS Deposit Placement Agreement. Limits and customer placement eligibility criteria apply. Program withdrawals are limited to six per month.

Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS is a registered service mark, and One Bank, One Rate, One Statement is a service mark of Promontory Interfinancial Network, LLC.

Need More Information?

Contact GRB’s Cash Management Team

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