Overview

FICA (Federally Insured Cash Account) is StoneCastle’s liquid structured bank-deposit vehicle designed for treasury and institutional investors who require full FDIC insurance on large cash balances. FICA allocates deposits across a broad network of screened banks to provide full federal insurance coverage (up to large aggregated limits) while offering daily transparency, next-day liquidity and a competitive yield profile for institutional cash management needs. The product integrates with ICD Portal reporting and risk tools so clients can monitor FICA positions alongside other cash and investment exposures.

Features and Capabilities

• Product category: Liquid Structured Bank Deposit Vehicle — designed for institutional liquidity and capital preservation.
• Insurance & Safety: Full FDIC insurance on allocated deposits through placement across a network of partner banks; intended to eliminate uninsured deposit risk.
• Allocation & Limits: Allocation limit commonly indicated at $125M per legal entity / tax ID for the FICA product profile.
• Liquidity: Next-day liquidity with no term commitments; deposits held as overnight demand deposits with daily withdrawal availability.
• Transparency & Reporting: Daily account transparency and integration with ICD Portal’s reporting and risk analytics (Transparency Plus®) so treasury can track positions and reporting.
• Operational details: Dealing cut-off time typically noted as 3:00pm Eastern; custodial bank indicated as U.S. Bank, N.A.
• Bank network & scale: Uses a broad, screened network of hundreds of banks (800+ referenced for StoneCastle solutions) to spread large deposits and maintain insurance coverage.
• Yield profile: Competitive yield versus traditional cash alternatives (money market funds, treasuries, CDs), with yield tiers available.
• Suitability: Ideal for fiduciaries, public treasuries, institutional investors and other entities that require instruments guaranteed or insured by U.S. government mechanisms.