Insure all your deposits while maximizing returns
Northrim is a part of the IntraFi ® network and offers IntraFi Cash Service (ICS), a convenient and safe cash management solution that provides access to FDIC insurance on deposits above $250,000 placed into demand deposit accounts that often provide prime-like returns with a Treasury- or federal government-like risk profile.
Here is how it works. Your funds are sent from your demand deposit account at Northrim into deposit accounts at other IntraFi network banks in amounts below $250,000, the standard FDIC insurance maximum. As a result, you can access FDIC insurance coverage from many institutions to safeguard all your money while working directly with Northrim. You do not pay a fee to use this service.