Sweeps , Money Market Accounts and CDARs

Newtown Savings Bank has many solutions that help your money work better for your future. It’s something we’ve been doing for years. 

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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. 

Commercial Money Market Sweep Account

  • We can sweep your excess checking funds into a high-rate, interest-earning account, maximizing the value of your money. 
  • This FDIC-insured account allows for a greater return, while giving you total liquidity. 


  • Through the ICS® service, you can access multi-million dollar FDIC protection on your deposit placed in money market deposit accounts. 
  • Feel good knowing your ICS® funds are eligible for protection that’s backed by the full faith and credit of the federal government. 
  • Put excess cash balances to work. 
  • Withdraw ICS® funds up to six times per month. Plus, make an unlimited number of program deposits as long as you stay within the program withdrawal limits.


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 CDARS® insight from our team:

  • One bank: Everything is handled through Newtown Savings Bank. Your deposits are broken into smaller amounts. FDIC-insured banks that are members of the CDARS® Network issue CDs in amounts under the standard FDIC insurance maximum so that your investment is eligible for FDIC insurance. 
  • 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 – 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 your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements you enter into with us, including the ICS Deposit Placement Agreement. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month. ICS is a registered service mark of Promontory Interfinancial Network, LLC. 
 ***Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS® and Certificate of Deposit Account Registry Service are registered service marks of Promontory International Network, LLC.