Imagine that after decades of hard work
grandma and grandpa have saved up a nice million dollar nest egg for their
retirement. But keeping that money FDIC insured means having to work with at
least four different banks, didn’t they work hard enough already?
By placing their money with a bank that offers Insured Cash Sweep or CDARS your grandparents can have access to FDIC insurance above $250,000 from a single
bank relationship. That simplifies their lives and they can get more focused
attention from their favorite bank. With all that time your grandparents save you
can probably expect a few more handmade sweaters and birdhouses.