IntraFi Network Deposits

If you regularly maintain larger balances in checking, savings, Money Market and CD accounts, you can leverage the IntraFi® Network for more deposit insurance and greater growth opportunities. Typically, the FDIC covers up to $250,000 in deposits per account at Lakeside Bank, but if you're deposits are beyond that, they're unprotected.

 

IntraFi® spreads your deposits among several banks in a national network to provide maximum FDIC coverage. Meanwhile, you still work exclusively with the Lakeside Bank team while managing all your funds through one account. Here's how it works.

 

• Connects depositors with a network of banks to ensure FDIC insurance for deposits exceeding the standard $250,000 limit
• The ICS® program is for checking, savings and Money Market accounts
• The CDARS® network is for Certificate of Deposit accounts
• Funds are deposited at Lakeside Bank, then split into amounts less than the FDIC maximum and placed at various network banks
• Access multi-million-dollar FDIC insurance while receiving one regular statement through a single relationship with Lakeside Bank
• Check balances and monitor activity through Mobile & Online Banking
• It's much easier to track compared to opening accounts at multiple banks
• Unlock the potential to earn competitive interest rates on ICS and CDARS deposits
• Keep your funds fully deposited at Lakeside Bank to support local lending efforts