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Insured Sweep Program

A Simple Solution for Large Deposit Relationships

A large customer deposit solution aimed at giving your customer accounts FDIC insurance on the whole deposit versus the maximum $250,000 amount. Your institution gets to retain a satisfied customer and potentially lower your cost of funds.

Key Benefits:

  • Acquire and retain large deposit relationships
  • Control balance sheet liquidity strategically
  • Increase your level of non-brokered funding
  • Free up pledged collateral on municipal accounts
  • Getting started is simple and requires no system interfaces

How it works:

This simple solution allows you use the program in two ways. You can sell excess funds and earn fee income (one-way set-up), or you can use the buy-back feature to receive and distribute deposits (a two-way set-up).

How Do I Get Started?

PCBB has partnered with StoneCastle Partners, LLC to bring you this solution.