Products & Services

Demand Deposit Marketplace
(Insured Deposit Network)

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The End of TAG & the Beginning of Deposits Outflow – 5 Points of Consideration
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Grow Deposits, Get 100% Liquidity & Expand FDIC Insurance Coverage today with Reich & Tang's Demand Deposit Marketplace
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Reich & Tang's Demand Deposit Marketplace is a new deposit generating sweep program. Using an integrated network of banks, your bank can offer expanded FDIC deposit insurance coverage to all customers, pay interest on excess business checking account balances and maintain 100% liquidity.

The Demand Deposit Marketplace program is designed for your bank’s corporate/business, high-net-worth individual and non-profit customers, as well as custodians of public funds – such as municipalities – that require their funds to be either fully insured or collateralized.

Participating Banks can both send and receive deposits.  Customer deposits are invested in Money Market Demand Accounts (MMDAs) – 100% liquid and immediately accessible. 

Benefits to Your Bank

  • Offer expanded FDIC protection to all end-customers
  • High-net-worth
  • Non-profit
  • Municipalities
  • Corporate/business
  • Offer competitive interest on excess business checking account balances
  • Reduce administrative burden through automatic transfers
  • Generate deposits and retain cash on your balance sheet—or send excess deposits to other banks
  • Profitably supplement your repo program, or even replace it
  • Create an income stream by sending excess deposits to other network banks
  • Receive reciprocal deposits to the extent your bank chooses from network banks to keep deposits on your balance sheet
  • Receive additional deposits from network banks to increase your bank’s deposits

Benefits to Your Customers

  • Receive expanded FDIC protection on their deposits, regardless of their category of legal ownership.
  • Funds are always accessible through MMDA and are not locked up in certificates of deposit
  • Earn interest on the idle balances in business checking accounts
  • Enjoy automated transfers between checking and sweep accounts 

WIB Member Benefit:

  • Pricing discounts

For More Information Contact:

Bill Zent
(858) 270-9404
bill@wib.org