HOA ICS Money Market | Alliance Association Bank

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Earn interest safely on your Homeowners Association (HOA), Common Interest Development (CID) or Planned Unit Development (PUD) reserve funds. With Alliance Association Bank’s HOA Insured Cash Sweep (ICS) Money Market accounts, you optimize your savings—and enjoy FDIC insurance protection, too.*
* Placement of funds is subject to terms, conditions and disclosures set forth in the agreements. Limits and customer eligibility criteria apply. Insured Cash Sweep (ICS) program withdrawals are limited to six per month. Insured Cash Sweep and ICS are registered service marks of Promontory Interfinancial Network, LLC.

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.