Place your trust in deposits expertise
The ever-growing array of deposit solutions can astound even seasoned investors. Our Deposit & Liquidity team can explain your options and help you craft a strategy tailored to both the current interest rate environment and your investment policy statement.
Deposit products
Deposit products are offered by banks and financial institutions to help businesses, corporations and individuals manage cash flows, make transactions, earn interest and access banking services tailored to their specific requirements. Here are some common types of deposit products.
Checking accounts
Operating accounts – Used for day-to-day transactions, such as receiving payments, making payments and managing cash flow.
Interest-bearing accounts – Offer interest on the account balance, providing individuals with the opportunity to earn a return on idle funds.
Savings accounts
Savings accounts – Provide individuals with a secure place to hold excess funds while earning interest.
Money market accounts – Combine features of savings and checking accounts, offering higher interest rates while providing limited check writing capabilities.
Certificates of deposit (CDs)
Time deposits – CDs are time-bound deposits where individuals lock in funds for a specific period in exchange for higher interest rates.
Jumbo CDs – Offer higher interest rates for larger deposit amounts, providing individuals with an opportunity to earn more on their excess funds.
Enhanced FDIC-insured deposit products
Insured deposit accounts and CDs – Provides depositors with a secure and convenient solution for managing large deposits, maximizing FDIC insurance coverage and earning competitive returns on their funds through a network of participating banks.