DEPOSIT PLACEMENT SERVICES



Banks of all sizes can use Promontory Interfinancial Network's Insured Cash Sweep, or ICS, and CDARS services to help manage their balance sheets. They can use Promontory Network services to build multi-million-dollar relationships, reduce collateral requirements, purchase funding, and manage liquidity.

ICS and CDARS help you to:

  • Attract large-dollar relationships cost effectively
  • Replace higher-cost funding
  • Reduce collateralization costs
  • Control the cost of funds
  • Manage the balance sheet
  • Purchase cost-effective wholesale funding

ICS and CDARS help your bank compete with the largest financial institutions by offering the flexibility to place customer funds into demand deposit accounts and/or money market deposit accounts through ICS, and CDs through CDARS - all with access to multi-million-dollar FDIC insurance.

To learn more visit www.promnetwork.comor contact Kenny Heredia (866) 776-6424 ext. 3486

Promontory has been endorsed since 2013.