IntraFi Network Deposits is a safe cash management solution that enables access to FDIC insurance beyond $250,000 on large deposits placed into demand deposit and money market deposit accounts while working directly with Lakeside Bank.
With IntraFi Network Deposits, you can...
Rest assured knowing your funds are eligible for multi-million-dollar FDIC insurance — backed by the full faith and credit of the U.S. government.
Enjoy the ease of working through a single bank relationship and receiving just one regular statement.
Maintain access to your funds placed into demand deposit and money market deposit accounts.
Eliminate ongoing collateral tracking and the need to footnote uninsured deposits in financial statements.
Support your community by keeping the full amount of your deposit to support local lending.
How does it work?
We, like other institutions that offer IntraFi Network Deposits, are members of a special network. When we place your deposit through IntraFi Network Deposits, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The amounts are then placed into deposit accounts at multiple FDIC-insured banks. As a result, you can access FDIC coverage from many institutions while working directly with us.
What else do you need to know?
You receive a regular monthly statement from us showing your demand and savings balances and other key information. You can check your balances and track other important information online, 24/7. Your confidential information remains protected.