Vault.Bank Sweep Account
Confidence that your money is safe and insured
Up to $4 million of FDIC protection
Manage your funds in one simple account - Vault.Bank automatically distributes your money through our partner banks and sweep networks
What is a Sweep Account?
An Insured Cash Sweep (ICS) is a financial product that maximizes FDIC insurance coverage for large deposits while earning on cash balances. We distribute your money into our partner banks behind the scenes, per your preference. Instead of opening and managing multiple bank accounts at multiple institutions, we do it all for you.
No single account will have more that $250,000 within it, ensuring that all of your money is completely FDIC insured. You can access your funds easily at any time, but withdrawals may have slight delays depending on the amount.
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One Account to Safeguard Your Funds
Our Sweep Accounts are an innovative, secure, and convenient way to access multi-million-dollar FDIC protection. We make it easy to insure your deposits and avoid the hassle of opening accounts at different banks to keep your deposits insured.
A Vault.Bank Sweep Account uses our secure network banks to seamlessly do this work behind the scenes to ensure your money is safe and FDIC insured up to $4 million.
One account, one statement, and one banking relationship
Set up your account in minutes
Peace of mind knowing your money is insured
Higher yields than most other accounts on the market
Ready to get started?
Open a Vault.Bank Sweep Account today and rest easy
knowing your funds are completely insured and secure.
FAQs
Find answers to common questions about Sweep Accounts.
An Insured Cash Sweep Account (ICS) helps you leverage a network of banks to provide you with extra Federal Deposit Insurance Corp. (FDIC) coverage for your deposits. Rather than the standard $250,000 per depositor, per institution offered by the FDIC, our ICS Accounts will protect up to $10 million.
ICS Accounts work by leveraging a network of Vault.Bank's partner banks to help leverage your deposit coverage through the FDIC. Rather than you depositing lump sums of $250,000.00 into different banks, ICS Accounts allow you the same coverage but only dealing with one primary bank.