How HOA ICS Money Markets Work

We place your HOA, CID, or PUD reserve funds into a Promontory Insured Cash Sweep Money Market Account. There, these funds are 100% FDIC insured and available when you need them. 

Features & Benefits

  • FDIC insured
  • Competitive interest rates
  • No minimum opening deposit requirement
  • No monthly service charges or minimum balance requirements
  • No-fee online banking

Other Key Facts

  • Up to six HOA ICS Money Market withdrawal transactions allowed per month; if six or more are made in three consecutive months, account will be changed to an Operating account.
  • Alliance Association Bank is the custodian for your ICS deposits; your account information is confidential.
  • Bank statements are available online on the first business day of the month, and hard copies are mailed by the fifth business day.  
  • Only one signature card required. 
  • View our Deposit Account Agreement and Disclosure