Insured Liquidity Sweep Program
At Republic Bank, we are committed to helping you protect your deposits, especially during times of market volatility. The Insured Liquidity Sweep Program is the most flexible, multi-million dollar FDIC insured Treasury Management solution available. The program provides you with access to a network of US banks that, together, can offer millions of dollars in FDIC insurance coverage and daily liquidity. It is an ideal cash sweep option for anyone seeking safety, security and liquidity.
How the program works.
Client cash balances are sent daily into the Insured Liquidity Sweep Program and allocated into several program banks to ensure high levels of FDIC Insurance.
- FDIC insurance reduces the risks associated with money fund investing
- Diversification of deposits among FDIC insured banks reduces overall exposure
- Millions in FDIC Insurance
- Cash is available daily
- Funds are always accessible with no penalties on the number of monthly withdrawals
- Avoid the burden of dealing with numerous bank relationships and benefit from a high level of FDIC insurance through a single contact point
- Access DepositViewSM, an online portal that enables you to view all banks in which your deposit balances are held