Insured Deposit Program for Trust Organizations

An innovative bank sweep deposit program for the trust industry

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In today’s marketplace, your ability to find financial solutions that meet your clients’ needs and satisfy rigorous fiduciary standards is crucial to your success.

The Insured Deposit Program from Total Bank Solutions (TBS) enables you to easily provide the safety of extended FDIC insurance coverage, same day liquidity and competitive rates on cash investments that your trust clients seek. It’s built upon our strategic partnerships with leading global financial institutions, proven proprietary processes and a growing network of stable deposit banks.

We make the process easy. By fully integrating with your trust accounting platform, our insured deposit program operates much like a money fund sweep program.

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Why our FDIC Insured Program?

Watch this video to see the importance of participating in our bank sweep program.

Whitepaper

Read our recent article published
by the American Bankers Association.

How It Works

With the Insured Deposit Program, your client’s cash is deposited into an insured money market account offering a competitive interest rate – and the extended FDIC insurance your client needs – for solid returns, same day liquidity and even greater peace of mind.

Leveraging our proprietary deposit management system, the funds are allocated throughout the TBS deposit network of more than 100 well-capitalized, qualified banks.

There is no minimum investment required and our proven Insured Deposit Program makes it easy for you to offer the extended insurance coverage to meet your clients’ needs.

Participating institutions receive real-time access through DMS Navigator – our proprietary deposit management dashboard tool that provides you with the information you need anytime.

Program Advantages

Participation in the TBS Insured Deposit Program provides the following benefits:

A Proven Solution

Offering extended FDIC insurance is a proven solution to money market reform and has been widely used by financial intermediaries for years.

Daily Liquidity

Your customers have immediate access to their cash, with same day settlement.

Competitive Interest Rates

Enjoy greater income opportunities for you and your clients than government or treasury funds.

Flexible & Easy to Manage

We’ll build a customized program to meet your organization’s specific needs and continue that flexibility while managing the account – we provide the resources, so you don’t have to.

Additional Options

Trust banks have the opportunity to receive stable deposit funding from either their existing trust customers, third party financial intermediaries or both depending on their strategy.

Safety and Soundness

Your clients’ balances are fully protected by the FDIC up to your insurance level and all program banks are monitored by TBS Bank Monitor and our risk analytics department.

Program Integration

The TBS Insured Deposit Program fully integrates with trust accounting platforms such as:

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Accutech

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FIS/Sunguard

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FiTek

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Innovest

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Infovisa

Additional Tools

TBS Bank Monitor

Check on your organization’s interests with TBS’ Bank Monitor tool – the most comprehensive bank surveillance and analysis available.

LEARN MORE


TBSInsights

Striking a Balance: The Challenge of Preserving Net Interest Margins with a Flattening Yield Curve

Read more about the challenges of a rising rate environment and recommendations for alternative funding scenarios.

READ THE ARTICLE

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TBS in the Media

Total Bank Solutions’ Kevin Bannerton appeared on Worldwide Business with kathy ireland® to discuss the company’s deposit management system and how it can work for trust organizations.

Watch

If you’d like to learn more, watch a demo or get started…

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