Money Market Sweep

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 Money Market Sweep account utilizes the Demand Deposit Marketplace® (DDM®) 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.

For information about your Money Market Sweep account or current interest rate, please contact your Trust Officer or Portfolio Manager at (602) 957-2006.