Insured Cash Sweep (ICS)

When you have a large amount of cash to invest, but you want the peace of mind you get with FDIC insurance, an Insured Cash Sweep is a perfect solution. Your large investment is broken into amounts under the FDIC limit and placed into multiple banks. You sign one agreement with First United and we take care of the rest. You can still easily access your money, or leave it alone to accrue interest.

    • Enhance your pay/return decision making
    • Multi-million dollar FDIC insurance
    • Maintain fast access to your cash
    • Earn competitive market interest
    • Choose between savings or higher-interest demand accounts

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“ We're a second generation pharmacy that knows the value of good neighbors and strong relationships. We've got a great partner in My Bank; they help us run the store more efficiently and support some of our favorite organizations including League for Crippled Children, Frostburg State University, and the Shriners.” - Bob Martin, Potomac Valley Pharmacy

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NOTICE

Some customers have reported receiving text message alerts, stating that their debit card has been "blocked" and that they need to reply to the text message with their full debit card number. This is a phishing attempt and you should never enter your card information or any other private personal information into a text message or email.

Please know that First United will never ask you for confidential or private information through text, email or social media channels. If you are ever unsure about a communication from the Bank, please contact our Customer Care Center directly at 1-888-692-2654.

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