Deposit Protection With Easy Access
The Benefit Sweep account is connected to a trusted partner, ICS® (Insured Cash Sweep®) service, and provides a smart, secure, and convenient way to access multi-million-dollar FDIC insurance coverage while working directly with Mediapolis Savings Bank.
Rather than keeping large deposits uninsured at a single institution, ICS places funds into demand deposit accounts at other network banks in amounts below the standard FDIC insurance limit, helping maximize FDIC coverage.
Enhanced FDIC Insurance Protection
Enjoy access to multi-million-dollar FDIC insurance coverage through the ICS network while maintaining your banking relationship with Mediapolis Savings Bank.
Liquidity and Convenience
Funds placed in ICS demand deposit accounts remain accessible to help meet your organization's ongoing cash flow needs.
Earn Interest
Put excess funds to work while maintaining safety and liquidity. ICS deposits can earn interest in demand deposit accounts.
One Banking Relationship
Work directly with a bank you know and trust while receiving consolidated reporting through a single regular statement.
Simplify Deposit Protection
Our partnership with ICS allows you the security of expanded FDIC insurance coverage, the convenience of a single banking relationship, and the flexibility to access funds when you need them.
For more information about a Benefit Sweep account and whether it is right for you or your organization, contact Mediapolis Savings Bank at 319.394.3191.