Insured Cash Sweep
Insured Cash Sweep
Demand Deposit Marketplace® Program
At TrustBank, we take a thoughtful, consultative approach to serving our clients–providing solutions that are designed to support your overall wealth strategy, including the thoughtful management of liquidity, security, and access.
TrustBank’s Insured Cash Sweep solution utilizes the Demand Deposit Marketplace® Program to automatically place eligible cash balances from Trust and Wealth Management client accounts into interest-bearing deposit accounts at participating financial institutions.
Through this program, available funds may be swept daily from your TrustBank account and allocated among multiple FDIC-insured institutions, subject to program limits and applicable insurance rules. This structure is designed to provide daily access to funds and the potential for expanded FDIC insurance coverage through pass-through deposit insurance, when applicable.
This page contains important information about the DDM® Program, including required disclosures, participating institutions, FDIC insurance considerations, and instructions for opting out of specific receiving institutions. Disclosures may be updated from time to time.
Customer Terms & Conditions
Sets forth the terms and conditions governing participation in the Demand Deposit Marketplace® Program, including participant responsibilities and important program information. Click below to view or download the PDF:
Program Information Notice
Provides program-specific details, including including how funds are swept, settlement timing, and applicable program limits. For complete account terms and conditions, refer to the Customer Terms and Conditions. Click below to view or download the PDF:
Program Resources
Provides access to the list of participating receiving institutions, the receiving institution opt-out form, and publicly available bank information and financial data. Click below to view or download the PDF:
Questions About Your Account?
For additional information about the Insured Cash Sweep or current interest rates, please contact your Trust Officer or Portfolio Manager at (602) 957-2006.