Institutional Bank Insured Deposits
HilltopSecurities’ Institutional Bank Insured Deposit (IBID) Program is a demand deposit product providing both daily liquidity and up to $40 million1 of FDIC insurance2 through a network of well-capitalized participating banks.3 Appropriate for all institutions, including corporations, private businesses and public entities, IBID serves as an alternative for money market funds (MMFs) and other investment grade liquid investments.
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Learn More
To learn more about IBID, call us at 800-839-7827, email us at muniservices@hilltopsecurities.com, or visit hilltopsecurities.com/ibid.
About HilltopSecurities
IBID PROGRAM
HilltopSecurities is a full-service municipal investment bank and wealth advisory firm providing financial services for public entities, institutional investors, housing finance agencies, broker-dealers, and individual investors. Founded in 1946, HilltopSecurities’ primary areas of focus include public finance, capital markets, structured finance, retail brokerage, clearing services, and securities lending.
1. The maximum amount of FDIC insurance offered at any particular time may differ from $40 million based on bank availability.
2. HilltopSecurities partners with R&T Deposit Solutions (R&T) to manage the IBID program.None of Hilltop Securities, R&T nor any of their affiliates are a depository, bank or credit union and none of the programs or products administered by them, including the IBID or R&T Network described herein, are, themselves a FDIC-insured or NCUSIF-insured product. Rather, under the relevant program, a depositor’s funds are placed into deposit accounts at participating banks or other financial institutions that are insured by the FDIC or, if relevant, the NCUSIF, for up to the current standard maximum deposit insurance amount of $250,000 per eligible depositor, per insured participating institution, for each ownership capacity or category, including any other balances the depositor may hold at that institution directly or through other intermediaries, including broker-dealers. 3. For a list of participating program banks, see https://rnt.com/files/ddm/bank-list/pbl-rtncu.pdf Only well capitalized banks, as defined by FDIC regulations, are eligible to receive deposits from the program. If a participating bank no longer meets the Federal Deposit Insurance Act’s standards to be deemed well-capitalized, no additional deposits will be placed with the bank. R&T reserves the right to remove a bank from the program and customers may opt out of any bank at any time.
Institutional Bank Insured Deposits
IBID PROGRAM