A company founded in 2000 to create a system where investors could conveniently make large deposits and still receive FDIC insurance for the entire amount, which is currently limited to $250,000 per account as of 2011. The IDC does this by distributing large deposits across its network of nationwide banks so that each individual account will still meet FDIC requirements (i.e. each under $250,000), but when taken as a whole the sum can total several million dollars using its MMAX account structure.
Related information about IDC deposits:
- IDC Deposits
IDC's STAY Deposits® Funding. Providing Banks with an Innovative Way to: Access new funding through money market deposits. Invest the bank's excess ...
- MMAX - IDC Deposits
Our MMAX clients receive a turnkey marketing program for this enhanced money market account. The bank is free to use our established MMAX marketing ...
- Stable Funding - IDC Deposits
Stable Funding Your bank can sign up for our Stable Funding, tell us your target level of funding and we will start to move deposits to your bank. Banks can ...
- Testimonials - IDC Deposits
Brett Decker, CFO “I recently needed to replace some funds and didn't want to tie up any of my collateral so I purchased some funds from IDC Deposits and I was ...
- IDC Deposits Definition | Investopedia
IDC Deposits Corp. oversees the MMAX (Money Market Account Extra) program which provides depositors with an efficient way to make large deposits – up to a ...
- IDC Deposits
Agenda. Money Market Products. ▫ Funding. ▫ Investments. ▫ The Target Account. R t il. ▫ Retail. ▫ The MMAX (Money Market Account. Xtra). ▫ Q & A ...
- What is IDC deposits? definition and meaning
Definition of IDC deposits: A company founded in 2000 to create a system where investors could conveniently make large deposits and still receive FDIC ...
- IDC Deposits | NWANWA
Supporting Community Banks for Over a Decade. IDC Deposits was founded in May 2000 in Miami, Florida to create a system through which investors could ...