Intrafi Cash Services (ICS)
Through IntraFi Cash Service (ICS), OlyFed offers both checking and money market accounts where funds are FDIC insured by the full faith and credit of the federal government well into the millions. The Demand Checking option allows for unlimited withdrawals and the Money Market Savings option allows for up to six withdrawals per month. In addition, you can earn interest at a rate set by the participating institutions.
Certificate of Deposit Account Registry (CDARS)
With Intrafi’s Certificate of Deposit Account Registry Service (CDARS) product you can select from a range of maturities matching the terms found with OlyFed’s regular Certificate of Deposit product offerings; however, you can rest assured knowing both your principal and interest are FDIC insured well into the millions. Interest is based on rates set by the participating institutions, and you can learn more by contacting Casey Kilborn, VP/Retails Banking Manager.
Depositors of all types, including businesses, nonprofits, government entities, fiduciaries, individuals, and socially responsible investors collectively, place billions of dollars through ICS and CDARS. And thousands of banks across the nation, including OlyFed, are part of IntraFi’s network of banks and financial institutions.
When your funds are placed through OlyFed’s IntraFi reciprocal partnership offerings, you are not just receiving crucial protections — you’re also keeping the full amount of your deposits local to help fund lending in the community.¹
At OlyFed we are here to help you achieve your financial goals and objectives with thoughtful and well-designed savings and money management strategies. Our IntraFi partnership offerings give you safe, simple and smart ways to protect your dollars while providing the tools, resources and support to take control of your finances and achieve your personal, business or organizational pursuits.
Contact Casey Kilborn, VP/Retail Banking Manager to set up an appointment to learn more about the OlyFed / IntraFi savings and money management solutions.
 When deposited funds are exchanged on a dollar-for-dollar basis with other banks in IntraFi’s network of financial institutions, your bank can use the full amount of a deposit placed through ICS and CDARS for local lending, satisfying some depositors’ local investment goals or mandates.
Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying lntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the Intra Fi hexagon and Intra Fi logo are service marks, of IntraFi Network LLC.