Quickly Raise Inexpensive Term Funding Through IND®

With IND, or the Insured Network Deposits® service, your bank can access stable, long-term, floating-rate funding – from $25 million to multiple billions of dollars. IND funding comes from cash held in millions of brokerage accounts across the nation, so it’s both geographically diverse and relatively stable. And integrating IND into your existing systems is simple. Your bank opens “omnibus” accounts only. You settle on a daily basis, but pay no settlement fees; the total cost of funds you pay is the rate you agree to when you sign up. Here’s the story of how one national bank successfully used IND to access floating-rate term funding at an attractive price.

Ind Quickly Raise Inexpensive