Many of your clients are looking for a conservative investment that provides a stable return without them risking their principal. CDC offers Money Market Account Xtra (MMAX) as a way for your clients to access our bank network that provides a competitive level of interest in a FDIC insured account, with liquidity, safety and 24/7 account detail. Deposits are federally insured and distributed among hundreds of ‘well-capitalized’ banks and savings institutions as defined by FDIC regulations. By spreading deposits among hundreds of institutions we are able to offer a higher level of FDIC insurance coverage compared to just one bank.
MMAX is a great product for the following:
MMAX allows your clients to place one transaction and have millions of dollars spread within CDC's network of banks without having to track each bank individually. With one account statement they are able to see the name, deposits, and interest at a particular bank. With all the sub accounting handled by CDC your client can have piece of mind their funds are earning a competitive interest rate, have liquidity, and be FDIC insured.