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.
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.
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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