Broker-Dealers

Protect Customer Deposits & Grow Your Business.

Provide your customers with innovative daily cash sweep solutions that offer access to additional insurance coverage on their funds, as well as overnight liquidity.

Our cash sweep solutions for broker-dealers reallocate customer funds into insured deposit accounts across our network of participating receiving institutions, providing access to expanded deposit insurance coverage while maintaining liquidity¹ at rates competitive with money market funds². With the RTID program, you can provide customers with a solution that not only safeguards their deposits but also offers competitive rates and liquidity, making it a valuable addition to your institution’s product portfolio.

RTID Program Advantages

The R&T Insured Deposits (RTID®) program enables you to offer your customers expanded deposit insurance coverage on their funds through our established, network of participating institutions. With the flexibility to configure solutions to your customers' specific needs, the RTID program provides a powerful, customizable cash sweep solution.

Levels of Deposit Insurance:

Customize the level of deposit insurance to fit your customers' requirements.
Flexible Allocation Methodology:

Allocate customer funds to align with your institution’s goals.
Product Configuration:

Adapt the product setup to suit your business model and customer preferences.
Opt-Outs & Bank List:

Offer your customers the option to exclude specific banks from their sweep program.
Support for Multiple Account Types:

Accommodate various account types, including corporate and retirement accounts.

A Full Spectrum of Liquidity Solutions

The RTID® Program

The R&T Insured Deposits (RTID®) program is a configurable, send-only cash sweep program providing your customers with access to expanded deposit insurance coverage on their funds through our network of participating receive-only banks.

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The DDM® Program

A complement to the RTID program, the Demand Deposit Marketplace® (DDM) program is a configurable cash management solution providing your customers with access to expanded deposit insurance coverage with send, receive, and reciprocal options.

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1 Under the DDM and RTID programs, funds are deposited into demand deposit accounts (DDAs) or money market deposit accounts (MMDAs) at receiving banks or share draft accounts or share accounts at receiving credit unions. While your customers’ funds are held in MMDAs or share accounts, the return of your customers’ funds from the DDM and RTID programs may be delayed as, under federal regulations, the receiving institution is permitted to impose a delay of up to seven days on any withdrawal request from an MMDA or share account.

2 While interest rates obtained on funds placed at receiving institutions under the DDM and RTID programs may, under certain circumstances, outperform cash alternatives, such as money market funds, the primary objective of the DDM and RTID programs is to provide customers with convenient access to expanded deposit insurance coverage on their funds (and not for investment enhancements or higher rates of returns or profits).

“The R&T's Insured Deposits program was a ‘no-brainer’ for us. In the current interest rate environment, it allowed us to exponentially increase our customers' yield on cash, giving them an FDIC-insured sweep vehicle and equipping us to compete with RIAs and brokerage firms who are offering insured deposit sweep options. We are glad that we chose to partner with R&T.”

President & CEO
Kentucky-Based Trust Company