Who is ICM? ICM combines investment returns and immediate liquidity to create a unique, optimal form of cash management that empowers you to earn far greater returns on your money. ICM investment accounts currently pay interest of 1.38% (or more)… while the average bank now pays 0.05%.

The bank model is simple: the bank invests your money and keeps the investment returns. The ICM model is simple but different: you invest your money – and you keep the investment returns. Your money generates wealth, and ICM thinks you should keep it.

Who does ICM work with? ICM offers Mastercard debit investment cards issued by Sutton Bank, ICM investment products are managed by SEC-registered asset managers.


What products and services does ICM offer? ICM offers a full range of cash management services, including an investment card, ATM withdrawals, P2P transfers, and online bill pay. Furthermore, you can direct deposit into your ICM account, and move funds in or out of your ICM account via ACH transfers.

What is an investment card? ICM invented and developed the patent-pending investment card. An investment card is a debit card linked to specified securities (such as GMMFs and USBs) rather than bank deposits. Accordingly, the ICM Investment Card transforms your specified investment funds into digital currencies to pay directly for your debit card transactions. You get both the convenience of your debit card and may receive significantly greater returns on your money.

What is a government money market fund (GMMF)? A government money market funds is an open-ended mutual fund that seeks to generate current income consistent with stability of principal by investing in a portfolio of U.S. Treasury and government securities maturing in 397 days or less and repurchase agreements collateralized fully by U.S. Treasury and government securities. You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

What is a Ultrashort bond fund (USBF)? An ultrashort bond fund is an open-ended mutual fund that seeks total return consistent with current income by investing primarily in a diversified portfolio of investment-grade debt securities. You could lose money by investing in the fund. Although the fund seeks to increase the value of your investment, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

What are share classes? A share class is a designation applied to a specified type of security such as mutual fund units, and share classes often are determined by how the sales charge is paid. A subset of share classes are institutional, and mutual funds usually make these classes available only to institutions and those with high net worth, typically over $1 million. Institutional shares also usually carry the lowest fees and expenses of mutual fund classes. Because of the low expense ratios, institutional classes invariably enjoy the best returns of the different classes a mutual fund invests.

Please note that among the reasons ICM returns may be significantly greater is that we give clients access to institutional share classes to which they otherwise typically would not have access, and that difference is huge: for the money market fund, the difference between retail and institutional is 53 bps vs. 138 – which is almost a full percent of interest.


Why use ICM? ICM empowers you to optimally manage your cash. Rather than leaving your money in no/low interest bank checking and savings accounts, ICM enables you to optimize your returns on your short-term cash and long-term cash, always providing the flexibility to move money between your accounts.

The average bank now pays 5 one-hundredths of one percent (0.005%) on checking accounts and 8 one-hundredths of one percent (0.008%) on savings. By contrast, ICM accounts pay 1.38% on your transaction account and 1.85% on your performance account. The difference is important – and enormous. If you have $10,000, at current rates ICM pays you $138 per year, while the average bank pays only $5. If you would rather have $138 than $5, you would rather be at ICM than at the average bank.

Why does ICM pay much more? The typical bank profits from paying you a small interest rate on your money, and then lending that money at a high interest rate: the bank makes a profit off of your money. By contrast, ICM enables you to place your money in GMMFs and/or USBs and keep the higher returns.


How do I fund my ICM account? You fund your ICM account in the same way as a traditional bank: direct deposit, ACH transfer, wire transfer, and/or Plaid.

How do I use my ICM account? You use your ICM account in the same way as a traditional bank. You can transact via your investment card, ATM, online bill pay, ACH and wire transfers. In all cases, you have immediate access to your funds.

How do I decide how much to put in GMMFs and USBs? Generally, GMMFs have less volatility and lower returns compared to USBs, and USBs have more volatility and higher returns compared to GMMFs. The decision of how to allocate your funds depends upon various factors such as your tolerance for risk, your capacity to withstand potential loss, and the target returns you seek.

How does ICM make money? ICM makes money from interchange and the simple fee structure below. Interchange fees are paid by merchants – not ICM account holders – to card networks for processing a debit payment.

How secure is ICM? Protecting your account information and privacy are ICM’s priorities. ICM uses multifactor authentication to help us verify your identity, which ensures that only you have access to your account. Furthermore, ICM also uses advanced encryption technologies to guard the information sent between you and ICM.

General Questions

Are ICM accounts FDIC insured? Funds held at Sutton Bank are FDIC insured; those swept into your investment account are not FDIC insured.

Are all of my funds invested? Your ICM account has $125 in your Sutton Bank account; any additional amounts are swept daily into your securities account.

Can I lose money in invested funds? Yes: all securities have a risk of loss. Although GMMFs have a constant NAV (net asset value) and are not subject to fee or liquidity gates, there is no guarantee of principle when investing in funds linked to your ICM account.

Are these teaser rates? No: the rates ICM pays are based on the performance of the securities into which a client’s funds are invested.

Where can I find the terms and conditions? Click here


Annual Fee:$0
Out of Network ATM Withdrawal Fee:$2.50 (ATM operators may apply an additional fee)
Int’l Out of Network ATM Withdrawal Fee:$3.50 (ATM operators may apply an additional fee)
Card Replacement:$10