FDIC Insured Sweep Program
An FDIC insured deposit sweep program tailored to meet your needs
How can an FDIC insured sweep program help you?
Questions about FDIC sweep programs? UMB has answers.
An insured deposit program, also known as an FDIC sweep program, enables bank customers to earn interest on idle cash balances, while providing banks an attractive, more diversified source of funding and liquidity. An insured cash sweep program is a liquid alternative overnight investment and manage risk with expanded FDIC insurance coverage, which is a feature other accounts, like money market funds, cannot provide.
You can learn more about how sweep programs work by watching this helpful video from UMB.
You can also connect with the UMB FDIC insured sweep program experts.
Yes, UMB offers an FDIC insured sweep program. With proprietary technology, supported by a dedicated team and resources, UMB offers both financial intermediaries and banks the flexibility to develop and tailor a FDIC insured sweep program to meet their needs.
To learn more about the advantages of bank sweep, read how “banks benefit from FDIC sweep programs.”