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Through our custodian banks, we offer a variety of sources for banks that are looking for funding alternatives.
We have a sweep program that invests exclusively in money market or other demand deposit accounts at FDIC insured institutions.
We also work with clients of our custodian bank's trust departments that invest in portfolios of certificates of deposit. These work well for banks looking for funding in the $5MM to $20MM range. Additionally we have clients such as large broker/dealers or trust companies that periodically invest significant deposits at once. This is usually geared to banks wishing a deposit infusion of $50MM-$200MM for terms ranging from three to five years.