IntraFi Network Deposits Overview
When you have deposits at a single bank in a single ownership capacity, then you have access up to $250,000 in FDIC insurance at that bank. By using IntraFi Network Deposits, you can access multi-million-dollar FDIC protection through a single bank relationship.
With IntraFi® Network Deposits, you can put your cash balances to work in demand deposit accounts, money market deposit accounts, and CDs, all interest-bearing accounts with access to millions in FDIC insurance, through a single relationship with Security Federal Savings Bank.
Benefits of working with Security Federal and IntraFi Network Deposits:
Enjoy peace of mind. Your funds are eligible for multi-million-dollar FDIC insurance; you can feel secure knowing your principal balance and the interest you earn are protected.
Save time. Work directly with a participating bank 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.
Earn favorable returns. 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.
Access 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).
Rest easy with protection against market loss and money market mutual fund restrictions. Using IntraFi Network Deposits, funds can be placed into demand deposit accounts or money market deposit accounts that are not subject to floating net asset values, liquidity fees, or money market mutual fund liquidity gates. This prevents market volatility from negatively impacting account value.
Break free from the burdens of collateralization. Forego requiring a bank to collateralize your deposit and potentially receiving a lower rate as a result. Save time by eliminating the need to track changing collateral values on an ongoing basis.
Enjoy the transparency. Reporting shows balances, transactions, interest, and other important details associated with your accounts. Those placing funds in demand deposit accounts and money market mutual fund accounts also receive 24/7 online access to information.
Support investment in your local community. Feel good knowing that the full amount of your funds placed through IntraFi Network Deposits can stay local to support lending opportunities that build a stronger community.1 If you work with a local bank, that bank can use the full amount of deposited funds to support local lending opportunities. If socially responsible investing is a focus, you can also work with a values-based institution that measures success not only by economic gains, but also by contributions (financial and otherwise) made to underserved communities.
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 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.