IntraFi Network Deposits for Public Funds
Managers of public funds work to keep monies for local governments, schools, police departments, public hospitals, roads, public utilities, and other public entities safe. But this work does not come without challenges.
With IntraFi Network Desposits, government finance officers can access multi-million-dollar FDIC insurance, earn a return, and manage liquidity needs―all while supporting their local communities.1
Enjoy peace of mind
Funds are eligible for multi-million-dollar FDIC insurance; you can feel secure knowing your principal balance and the interest you earn are protected.
Work directly with Security Federal and forego maintaining multiple bank relationships or opening accounts in different insurable capacities (and manually consolidating a multitude of statements and calculating blended rates) in favor of receiving just one regular statement per account type.
You do not have to sacrifice safety for returns. Compare returns for IntraFi Network Deposits to those of Treasuries and government money market mutual funds.
Maintain access to funds placed into demand deposit accounts and money market deposit accounts. When funds are placed into CDs, choose from a range of maturities (4 weeks, 13 weeks, 26 weeks, 52 weeks, 2 years, and 3 years).
Support the community
Government finance officers can feel good knowing that the full amount of the public unit's funds placed through IntraFi Network Deposits can stay local to support lending opportunities that build a stronger community.1
 When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use IntraFi Network Deposits, your bank can use the full amount of a deposit placed through IntraFi Network Deposits for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, your bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
Placement of funds through IntraFi Network Deposits is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. Program withdrawals may be limited to six per month for funds placed in MMDAs. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits satisfies those restrictions. The IntraFi hexagon and Network Deposits are service marks, and IntraFi, the IntraFi Network logo, Insured Cash Sweep, ICS, and CDARS are registered service marks, of IntraFi Network LLC.