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    Insured Network Deposits

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    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.