Our Bank Deposit Program seeks to maximize yield on cash deposits in varying interest rate environments, at similar or lower risk. This FDIC-insured solution is available to individual and institutional investors.
Working with numerous banking institutions, clients invest a minimum of $250,000 into our Bank Deposit Program. We allocate client investments to different banks in increments that will not exceed the current FDIC insurance limit of $250,000.
Each institution determines the interest rate it will pay out. Meeder manages the mix of banks to maximize yield for clients, which accrues daily and paid monthly.
- Yields competitive with other money market mutual funds
- One summary statement per account
- Daily-to-weekly liquidity based on account size