Cash Sweeps

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.

Save time

Enjoy the simplicity of working directly with Northrim and forget managing multiple investment relationships, tracking collateral and having uninsured deposits to footnote in financial statements. Avoid the hassle of manually consolidating account statements and interest disbursements on a recurring basis, reducing administrative time.

Feel Confident

No one has ever lost a penny of FDIC-insured funds, so you can rest easy knowing your funds are covered by multi-million-dollar FDIC insurance backed by the full faith and credit of the U.S. government. You can make unlimited program withdrawals using the ICS demand option.

Stay Up To Date

You will receive a regular monthly statement that lists all your accounts together with balances, interest earned and other details. You can also check your balances and see where your funds are at any time through a specially designed Depositor Control Panel. As always, your confidential information remains protected.

Support Alaska Communities

Feel good knowing your deposits are being used by Northrim to grow the local economy by funding lending needs.¹

Learn More

Work directly with Northrim — Alaska’s community bank you know and trust.
Contact us today for more information about how cash sweeps can benefit you.

¹This benefit applies to some, but not all types of IntraFI network transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.

Deposit placement through IntraFi Cash Service (ICS) or Certificate of Deposit Account Registry Service^® (CDARS) 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 IntraFi 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 IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.