IntraFi Network Deposits is a smart, secure and convenient way to safeguard large deposits placed into demand deposit, money market, or Certificate of Deposit (CD) accounts. With IntraFi Network Deposits you can access multi-million-dollar FDIC insurance and earn interest, all through a single bank relationship with MB&T.
IntraFi Network Deposits provides peace of mind with its FDIC-insured structure, simplicity with its one-account management and competitive returns.
Peace of Mind - Make funds eligible for protection that extends well beyond $250,000 and that is backed by the full faith and credit of the federal government.
Community Investment - Feel good knowing that the full amount of funds placed through IntraFi Network Deposits can support local lending opportunities that build a stronger community.1
Interest - Put excess cash balances to work by placing funds into money market accounts or CDs at rates set by us.
Liquidity - Maintain access to your funds placed in demand deposit or money market accounts. With CD placements, select from multiple term options.
Time Savings - Work directly with MB&T―a bank you know and trust―to access multi-million-dollar FDIC insurance and say ‘goodbye’ to tracking collateral on an ongoing basis, managing multiple bank relationships, manually consolidating bank statements, and other time-consuming workarounds.
MB&T, like other institutions that offer IntraFi Network Deposits, are members of a special network. When you place a large deposit with MB&T using IntraFi Network Deposits, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed in deposit accounts at other FDIC-insured banks that participate in the same network.2
By working directly with MB&T, you can access multi-million-dollar FDIC insurance from many banks and enjoy the convenience of receiving just one statement for demand and savings placements and one for CDs.
As always, your confidential information is protected.
