WHAT IS IDP?
The Insured Deposit Portal (IDP) is a federally insured deposit program. IDP represents a fiduciary level investment in “well capitalized” FDIC insured community banks across the nation.
WHY IDP?
By blending multiple bank funding programs into one IDP account, you can invest a greater amount, rely on daily oversight of the combined portfolio, receive one statement and enjoy the simplicity one single account access point.
IDP offers:
- The safety of full FDIC insurance
- Next day liquidity
- Highly competitive yield compared to LGIPs and money funds
- Diversified managed community bank portfolio
- Conservative low portfolio turnover
HOW DOES IDP WORK?
Your investment is spread out among our collection of banks in pieces no greater than the $250,000 FDIC insured amount. Accordingly, your entire investment is FDIC insured.
Be sure to read carefully all documents and disclosures including Terms & Conditions prior to investing. We further recommend and advise that you consult with your financial advisor regarding conformity with your state and local government investment policies and guidelines.