Insured Network Deposits
The Insured Network Deposits® service, or IND®, is the #1 FDIC-insured deposit sweep service. It enables brokerage firms to provide a superior sweep alternative for their customers’ cash balances. For banks, it provides an attractive purchase funding option.
An FDIC-Insured, Multi-Bank Sweep Service for Brokerage Firms
With IND, brokerage firms can offer customers access to multi-million-dollar FDIC insurance on cash balances. IND can help brokerage firms to significantly increase profit margins over those earned on short-term investment accounts (like money market mutual funds) and to deliver a differentiated sweep product to their customers. Learn more about IND for brokerage firms.
A Source of Cost-Effective, Floating-Rate Funding for Banks
Banks can use IND to access large blocks of floating-rate funding at terms ranging from 1 to 5+ years and in amounts generally ranging from $25 million to multiple billions of dollars. Funding is available without collateralization. IND is endorsed by the American Bankers Association. Learn more about IND for banks.