WHY YOU NEED TO OPEN A DEPOSIT ACCOUNT AND PROTECT YOUR CASH

HOW AN INSURED DEPOSIT ACCOUNT WORKS

Each investor opens and manages a single account.
Deposits are spread out between high yielding financial institutions included in the network.
Investor cash at each bank is kept below the Federal Insurance Limit (currently at $250,000).
Funds exceeding the FDIC limit are automatically transferred to another financial institution in the network.
Interest accrues from the date that funds are deposited with a financial institution in the network through the day before the funds are withdrawn. Interest is compounded daily and credited to the investors account at the end of each month.

BENEFITS

Get up to $50 million of federal insurance coverage for each tax ID.
High yield competitive rates.
Next business day liquidity without penalties or withdrawal fees
Easy online account management with a single statement which includes a list of the financial institutions each investor is participating in.
All participating banks and savings institutions included in the network meet or exceed all the capitalization requirements as defined by the FDIC.
Cash deposit accounts may be suitable for fiduciaries that are required to invest only in U.S. government-guaranteed or insured investments.
Investors can also search and purchase certificates of deposit (CDs), offered by participating banks, through the online account portal.

ACCOUNT DETAILS

Minimum initial deposit to open a new account - $1,000. (No minimum on subsequent deposits).
Federal Insurance coverage - Up to $50 million.
Current interest rate - Contact your advisor or email us at info@procashmanagement.com.