Federally Insured Cash Account (FICA®)

The Federally Insured Cash Account (FICA®) is an insured high-yield cash account.

Unless otherwise noted, the links in this post will direct you to another website / resource outside of Anasova.



  1. WealthManagement.com: Finalist for 2019 Tech Disruptor of the Year

  2. Over $20 billion in the program*

  3. Current rate: 0.25% for up to $25 million. 100% FDIC insured**. Rates subject to change without notice. Click here for the latest rate and details



  • No minimums

  • No fees

  • No transaction limits


Compare to other cash accounts:

Click on these links to see current yield at other firms:


How to get it / how it works

  1. Click here. It will take less than 5 minutes to complete the application. When you sign up you can link your FICA account to any number of bank, brokerage, or advisory accounts. That’s it.

  2. Receive a confirmation and put your money safely to work for you.

  3. Receive a portal with daily access and a monthly electronic statement.

  4. Easily move money between FICA and your checking account online.


What does it cost?

  • Anasova charges a fee through our portal of approximately $0.42 per month, per $10,000 in the program.
  • This fee is automatically reduced from your yield.



  • You receive only one Form 1099


Who provides it

StoneCastle Cash Management, LLC, is the administrator of FICA. StoneCastle has more than a decade of cash experience with some of the world’s most recognizable brands, including Fortune 500 companies, college and universities, endowments and foundations, family offices and public funds. Currently there is more than $20 billion in the program.*


Next steps: Get started


Is FICA available to all types of accounts?

  • It is available to all non-retirement accounts.

How liquid is FICA?

Deposits are allocated same day. Withdrawals are next-day liquid. That means when you affect a withdrawal prior to the cutoff time day one, you will receive those funds in your linked bank or investment account typically by 10:30 AM the next business day.

How many banks are in FICA?

  • About 850.

What are the advantages of having 800+ banks?

The advantage of having 800+ banks compared to a few banks is rate stability and diversification. Bank network diversification becomes meaningful when the economy slows because a real percentage of banks reduce or stop funding. A quick way banks reduce their funding is by decreasing the price they are willing to pay for deposits.

In programs with only a few banks, if one or more banks reduce the price they are willing to pay or stop taking funding altogether, it can have immediate effect on rate to end clients and may even negatively affect the level of insurance on their cash. Having 800+ banks that are geographically dispersed across the country is better protected and has a built-in hedge against this scenario.

Can withdrawals be sent directly to my bank and/or investment account?

  • Yes.

How is interest reported?

  • Interest is accrued daily and paid monthly.

How do I check my current balance?

  • You have 24/7 online access. You can look up balance information, see current and past statements, effect transactions, see how much of your deposits are being held at each bank at any time, etc.

How do I get started?


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