Newtown Savings Bank has many solutions that help your money work better for your future.


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Basic Money Market

  • Earn interest on each day the account balance is above the minimum required. 
  • Talk to your Newtown Savings Bank representative to find out how to waive the monthly fee. 


Tiered Money Market

  • Earn interest each day the balance is above the minimum required. 
  • The rate paid may be higher if you maintain larger balances. The more money you have, the more money you make. 
  • Talk to your Newtown Savings Bank representative to find out how to waive the monthly fee. 
 

Sweep Investment Service*

  • Put your extra funds to work by “sweeping” excess checking funds into a Repurchase Agreement account backed by U.S. Government Securities. 
  • The rate you earn is indexed to the U.S. Treasury 13-week T-Bill rate. 
  • There are no limits on the number of sweeps from or to a Sweep Investment Service account. 
 

Insured Cash Sweep® (ICS® Demand**)

  • Through the ICS service, you can access multi-million dollar FDIC protection on your funds placed in demand deposit accounts. 
  • Feel secure knowing your ICS funds are eligible for protection that’s backed by the full faith and credit of the U.S. government. 
  • Earn returns by putting your excess cash balances to work. 
  • ICS Demand offers unlimited program withdrawals and program deposits.


CDARS®*

CDARS, the Certificate of Deposit Account Registry Service®, is the convenient way to access FDIC insurance on CD deposits that exceed the standard FDIC insurance maximum of $250,000. More about CDARS:

  • One bank: Everything is handled through Newtown Savings Bank. Your large deposit is broken into smaller amounts and placed at other FDIC-insured banks that are members of the CDARS Network. These banks issue CDs in amounts under the standard maximum deposit insurance amount of $250,000.  
  • One rate: You earn one rate per maturity on each investment. Although you may be issued multiple CDs for a single maturity, they will all earn the same rate. 
  • One statement: You will receive one regular account statement listing all of your CDs placed through CDARS - along with issuing banks, maturity dates, interest earned and other details. 


*Sweep Investment Service accounts are not insured by the FDIC; are not deposits or other obligations of the institution and are not guaranteed by the institution; and are subject to investment risks, including possible loss of the principal invested. 

**Placement of funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. Unlimited program withdrawals are available when using the ICS demand option. Although funds are placed at destination banks in  amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the  SMDIA (e.g., before ICS or CDARS settlement for a deposit or after ICS or CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the  DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement  of its funds, the depositor is responsible for determining whether its use of ICS or CDARS satisfies those restrictions. ICS and  CDARS  are registered service marks of Promontory Interfinancial Network, LLC.