jackpotjoy reviews

jackpotjoy reviews

In today's dynamic financial landscape, many investors are asking some critical questions before deciding where to put their liquid assets. How can I be sure my money will be safe? Will I have direct access to it in the event of a financial emergency? Will I receive ongoing interest income?

Our program offers a powerful solution to your client's cash needs. The program enables your customers to safeguard a portion of their assets through highly liquid, interest-bearing accounts. Dreyfus has entered into a strategic partnership with lntraFi Network LLC to offer our clients a deposit sweep option to place cash into deposit accounts at FDIC-insured depository institutions. The IntraFi Network Deposits sweep product is a multi-bank deposit program that is jackpotjoy casino review designed to complement traditional money market mutual funds. The IntraFi Network Deposits does not involve investment in a money market mutual fund.

WHAT ARE THE KEY BENEFITS OF THE PROGRAM?

Access to FDIC Insurance: The IntraFi Network Deposits sweep product automatically places your customer’s cash balance and provides access to Federal Deposit Insurance Corporation (FDIC) insurance through multiple banks up to an aggregate of $2,500,000 ($5,000,000 for joint accounts). These balances are not covered under the Securities Investor Protection Corporation (SIPC). This level of coverage gives your money insurance protection in an amount that is greater than what is currently available at a single banking institution.

Tiered Interest Rates - Flexible rate tiering can enhance revenue to your firm. The program can be tiered by total cash balances, total assets (individual or household), market segment or service class. Customers have the potential of earning daily interest at higher rates based on the growth of their brokerage account balances.

Daily Liquidity - Our program provides your customers with daily liquidity so they can easily access their cash balances to meet short-term expenses or other funding needs.

Easy Cash Management - Our program can be integrated with check writing and debit card services offered through your financial organization, to provide a single account from which you can control jackpotjoy slots all your investment, payment and withdrawal options.

UNDERSTANDING THE JARGON

What is the FDIC? The Federal Deposit Insurance Corporation (FDIC) is an independent government agency created by Congress in 1933 to maintain stability and confidence in the nation's banking system. The agency insures deposits in each member institution up to $250,000 per depositor, per ownership category.

What Is a "Multi-Bank Deposit Sweep" Program? A multi-bank deposit sweep is a program that automatically transfers ("sweeps") balances between your customers brokerage account and one or more bank accounts as applicable, while providing daily interest on cash balances. The goal is to keep customers' assets working and maximize investment return in a conservative and efficient manner.

HOW DOES THE PROGRAM WORK?

The "Multi-Bank" Approach - FDIC insurance covers both the principal and accrued interest in each bank account up to $250,000 per depositor, per ownership category, for each FDIC-member bank where money is deposited. Placing your customer's funds in deposit accounts at multiple banks using our multi-bank deposit sweep program can significantly increase their total FDIC insurance coverage up to $2.5 million. This is accomplished by depositing their assets among multiple participating institutions (participating banks) as determined by your available cash balance. jackpotjoy slots To help their balance (including accrued interest) receive the maximum amount of FDIC coverage available, the program limits the amount of your deposits held at any one institution.

Bank "Opt Out" Option IntraFi Network Deposits utilizes a priority list of available banking institutions to determine the order in which customer assets are to be deposited. Since you may already have FDIC-insured deposits at some of these institutions, the program allows them the flexibility to "opt out" of a bank on the priority list-in other words, to designate a bank as ineligible to receive their deposits at any time.*

When your customers opt out of a bank, their remaining deposit is placed at the next available bank, in the order of the priority list, in an amount at each bank that is under the FDIC maximum deposit insurance amount.

Account Eligibility - IntraFi Network Deposits can be offered to individual and joint accounts as well as certain types of retirement accounts, including IRAs, Section 457 plans and self-directed Keogh plans.