Introducing the Certificate of Deposit Marketplace Exchange℠ (CDMX) Program
An Innovative CD Solution Offering Fixed Rates and Flexible Maturity Options is Coming Soon...
Set to launch in Q4 2024, the CDMX℠ program is designed to help participating institutions efficiently allocate their customers’ funds into CDs at receiving institutions. This program offers access to expanded deposit insurance coverage on eligible funds through a network of participating receiving institutions, all while maintaining a single relationship with your firm.
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Program Advantages
- Expanded Deposit Insurance: Provide your customers with access to expanded deposit insurance coverage through CDs.
- Increased Term Deposits: Increase deposits to match your maturity targets.
- Flexible, Cost-effective Funding: Manage and source cost effective term funding from a single platform.
- Additional Fee Income: A new opportunity to add incremental revenue.
- Broad Customer Base: Available to individuals, businesses, and municipalities.
- Convenient Management: Online portal for easy transaction handling and reporting.
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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.
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