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The Certificate of Deposit Marketplace ExchangeSM Program (CDMXSM)

An Innovative CD Solution Offering Fixed Rates and Flexible Maturity Options.

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Provide your customers with daily access to fixed rates and terms by placing their funds into FDIC-insured Certificates of Deposit, offering diverse maturity options.

The CDMXSM program is designed to help participating institutions efficiently allocate their customers' funds into Certificates of Deposit (CDs) at receiving institutions. This program allows institutions to provide their customers with access to expanded deposit insurance coverage on their funds through a network of participating receiving institutions, all while maintaining a single relationship with your firm.

Program Advantages

  • Expanded Deposit Insurance:

    Offer your customers access to expanded deposit insurance coverage on their funds through CDs issued by receiving institutions.

  • Increased Term Deposits:

    Align deposit growth with your institution's maturity targets.

  • Cost-Effective:

    Manage and source term funding efficiently from a single platform.

  • Additional Fee Income:

    Create new opportunities for incremental revenue.

  • Broad Customer Base:

    Available to individuals, businesses, and municipalities.

  • Convenient Management:

    Simplified transaction handling and reporting through an online portal.

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How It Works

Under the CDMX program, your customers’ funds are allocated and placed into CDs at multiple receiving institutions, in
increments of up to $250K, per customer identifier (e.g., TIN), per receiving institution. This allows your customers to access an expanded level of deposit insurance coverage on their eligible funds up to a program limit. Even though your customers’ funds are held in CDs at multiple receiving institutions, they can still access their funds through a single relationship with your firm.

Infographic Describing how CDMX works

Learn How to Participate in the CDMX Program

Provide your customers with access to fixed rates and terms by placing their funds into FDIC-insured Certificates of Deposit, offering diverse maturity options.

Interested in CDMX?

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Resources

Fact Sheet

CDMX Fact Sheet

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Video

Introducing the Certificate of Deposit Marketplace Exchange (CDMX) Program

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Learn how we can help you attract, grow & retain more deposits.

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