Features
- Access to FDIC insurance above $250,000 through a single bank relationship
- Secure large deposits while maintaining access to funds
- Earn interest
- Funds eligible for protection that is backed by the full faith and credit of the federal government
Place funds using either or both options
Demand Deposit Accounts
Use the demand option to secure funds to meet your cash management and liquidity needs.
Money Market Deposit Accounts
Leverage the savings option, which allows up to six program withdrawals per month.
How It Works
Complete agreement
Complete a Deposit Placement Agreement and a custodial agreement with Axos Bank.
Confirm account
Identify an existing transaction account (or set up a new one) to be used with each product option and deposit funds*.
Place deposits
Deposits are sent to deposit accounts at other member institutions in amounts under the standard FDIC insurance maximum of $250,000.