Liquidity

The flow of your cash is KING!

Business team reviewing graphs

Your money shouldn’t sleep. Put idle funds to work every night.

Why let your cash sit around doing nothing when it could be working overtime? With CoreFirst Liquidity services, your idle funds automatically move into short-term investments at the end of each business day. They earn while you sleep and return right on time when you need them.

Maximize earnings

Unused balances don't just sit, they earn!

Seamless automation

Your funds move in and out automatically.

Peace of mind

Your funds are working harder and smarter.

Get all the details:

At the end of each business day, idle account balances can become earning assets through the CoreFirst Sweep Account. This solution seamlessly moves surplus funds into an overnight investment vehicle, maximizing liquidity without sacrificing accessibility. If the funds are needed the next business day, they’re automatically swept back into your checking account—no manual intervention required. Please note: certain eligibility requirements and restrictions apply when opening a Sweep Account.

Details:

  • Collected funds above an established “peg” balance are automatically moved to an overnight repurchase account
  • Variable interest rate
  • A daily statement is provided each business day itemizing the current balance, the amount of interest paid, and the collateral assigned
  • Money in the repurchase agreement is not insured by the FDIC, but is backed by pledged securities. 

Perks:

  • Completely automated no need to worry about making transfers
  • Preserve the liquidity of your assets
  • Increase your investment income by earning interest on the maximum amount of funds

CoreFirst is a proud member of the IntraFi network allowing us to offer access to ICS® (Insured Cash Sweep)1 and CDARS® (Certificate of Deposit Account Registry Service)1. These services allow you to safeguard large deposits while maintaining full FDIC insurance coverage.

Benefits:

  • Feel secure knowing your funds are eligible for FDIC insurance when deposits are sent to other IntraFi ICS Network banks in amounts under $250,000.
  • Don't worry about opening accounts at various banks to keep your funds FDIC insured. Work directly with us. We will place the funds with other banks in the Network and provide availability to all funds in your CoreFirst account.
  • Put your excess balances to work by earning interest on the funds held in the ICS account.
  • Maintain liquidity through unlimited access to your funds.
  • Monitor your accounts with online banking as well a specially designed Deposit Control Panel provided by the Network.
  • Receive your normal bank statement plus an additional statement identifying the ICS Network banks and balances.

When you place funds through ICS or CDARS:

  • Your deposit is automatically split into amounts below the standard FDIC insurance limit of $250,000
  • Funds are then distributed across multiple banks in the network:
    • ICS places funds into demand deposit or money market accounts
    • CDARS places funds into certificates of deposit (CDs)

 

PLEASE NOTE: Certain conditions must be met for ICS and CDARS accounts. Please talk to your Business Banker about your businesses deposit situation to make sure this type of product fits your overall strategy. 

1Deposit 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 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.

 

Partner with Power!

Your goals deserve more than good intentions. Let’s fuel your business with smart banking moves. Connect with us today!

Loading...

Let's chat!

What is your business looking for?

Click everything you need.

Accelerate your next move!

Whether it’s new equipment or a new vehicle we’re here to kickstart your business growth and set your passion on fire with the CoreXpress Loan Program!

  • Simple Terms
  • Easy Application
  • Local Lenders
  • QUICK Decisions
  • Apply Online

 

Learn More About CoreXpress

Business woman with glasses pointing