The Federally Insured Cash Account (FICA®) is StoneCastle Cash Management's proprietary cash management vehicle offering a high level of federal deposit insurance, next day liquidity and a competitive yield. FICA provides institutional depositors with access to hundreds of carefully screened banks via a single, convenient account.
FICA allocates large deposits across a network of depository institutions ensuring full faith and credit of the U.S. Government on all deposits - and enabling depositors to potentially earn competitive yields compared to money market mutual funds, treasury securities and non-insured bank deposits.