A Stable Source of Deposits
Liquid Insured Deposits can help your bank grow and diversify its deposit base. This deposit capture process uses patented* and patent-pending technologies that can quickly and profitably supplement your bank's deposit sources.
Offered through Intrasweep’s sister company LIDs Capital LLC, Liquid Insured Deposits has relationships with banks across the country that range in size from $500 million to $300 billion in assets. Through agreements with broker-dealers and clearing firms, Liquid Insured Deposits pools investors’ cash and sweeps deposits into accounts established with participating banks. These are stable, non-interest-sensitive balances that require no service transaction support by your bank. They are not “hot money” brokered certificates of deposit.
Benefits for Program Banks
Liquid Insured Deposits offers a cost-effective, stable, and growing source of deposits for program banks that are interested in low-maintenance, high-dollar deposit accounts.
- Acquire stable deposits without costly branch infrastructure
- Diversify your sources for deposits
- Enjoy attractive pricing with this low-cost effective deposit gathering solution
* U.S. Patent No. 7,536,350, Systems and Methods for Providing Enhanced Account Management Services for Multiple Banks.