Insured Deposit Program:
An innovation solution whose time has come.
In today's competitive marketplace, your ability to find financial solutions that meet your clients' needs – and build your bottom line – is crucial to your success. One such solution is the Insured Deposit Program from Total Bank Solutions (TBS).
Built upon our strategic partnerships with leading global financial institutions, proven proprietary processes and growing network of stable deposit banks, this innovative solution enables you to easily and profitably provide the extended FDIC insurance coverage that individuals, municipalities and corporations seek.
Extended insurance and competitive yields in one profitable solution.
With the Insured Deposit Program, your client's cash is deposited into an insured money market account offering a competitive interest rate – and the extended FDIC insurance your client needs – for solid returns and even greater peace of mind.
Leveraging our proprietary deposit management system, the funds are allocated throughout the TBS deposit network of more than 100 well-capitalized, qualified banks. You benefit from:
- Daily liquidity. Because our program uses only MMDA accounts, the deposited assets remain liquid with no access restrictions or specified timeframes found with other funds placed in Certificate of Deposit accounts.
- Program flexibility. Multiple products with varying rate tiers are created providing relationship pricing for greater impact on your bottom line.
- Ongoing bank monitoring. Deposit banks are selected using key financial indicators for safety and soundness, and monitored no less than quarterly.
- A comprehensive, turnkey approach that simplifies it all. Our experienced team manages it all – depending on your needs – from program set up and integration to file transfers and daily account reconciliation and reports, which show activity, balances, accruals and fees at the account level.
How the program works.
The time to start is now: It's simple!
Best of all, there is no minimum investment required and the Insured Deposit Program makes it easy for you to offer the extended insurance coverage to meet your clients' needs – and impact your bottom line.