Liquidity Services
Make the Most of Your Cash Reserves
We’ll put your idle funds to work.
Managing your short-term cash and liquidity position needs to be balanced so you’ve got sufficient funds when you need them, and any excess funds are working to make a return. Our liquidity services include Time Deposits, Money Market Deposit Accounts, Sweep Accounts and Zero Balance Accounts (ZBA), all designed to make it easier for you to move and manage your cash and grow your balances with our competitive yields.
Time Deposits
For businesses with cash that can be less liquid for a period of time, your money can grow at a guaranteed interest rate when held over a specified term. Choose an amount and a term from one week to 10 years and receive the interest payment at maturity. The longer the term, the higher the yield.
Money Market Deposit Accounts
For businesses with larger amounts of cash and no immediate use, put your idle cash to work. Earn a competitive interest rate and enjoy the short-term liquidity your business needs. Money Market Deposit Accounts allow for up to 6 transactions per month and low balance requirements.
Zero Balance Accounts
For companies with multiple checking accounts, frequent transfers or significant administration, ZBAs keep your company funds concentrated in a central account, eliminate excess balances in separate accounts and automatically transfers funds to help maintain greater control over disbursements.
CDARS / ICS
For U.S.-based businesses with larger liquidity needs, BHI offers such businesses the capability to access Federal Deposit Insurance Corporation (“FDIC”) deposit insurance coverage for large cash deposits through the use of IntraFi services, including IntraFi’s Insured Cash Sweeps (ICS®) and certificate of deposit accounts (CDARS®), and participation in the IntraFi network of banks.
The FDIC has a standard maximum deposit insurance amount (“SMDIA”) of $250,000 per depositor, per FDIC-insured bank, for each account ownership category. Deposits in excess of this amount that are placed through an IntraFi service are divided into increments under the SMDIA and placed in demand deposit accounts or money market deposit accounts (through ICS®) or certificates of deposit (through CDARS®) at FDIC-insured banks within IntraFi’s network. Customers that use these services work directly with BHI and receive a single monthly statement from IntraFi summarizing their account activity and balances.
Deposit placement through an IntraFi service is subject to the terms, conditions, and disclosures in applicable agreements. IntraFi is not an FDIC-insured bank, and deposit insurance covers the failure of an insured bank. The depositor may exclude certain banks from eligibility to receive its funds. A list identifying IntraFi network banks can be found by visiting http://www.intrafi.com/network-banks. Although deposits are placed in increments that do not exceed the FDIC SMDIA at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA before settlement for deposits or after settlement for withdrawals. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through an IntraFi service satisfies any restrictions on its deposits. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. For example, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.
IntraFi, ICS, CDARS and Certificate of Deposit Account Registry Service are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network, LLC.