Bank Funding Alternatives | Deposit Acquisition Options JCDI
Over $5,285,000,000 placed to date
Jumbo CD investments helps banks and credit unions with their funding and deposit acquisition needs. We have access to various sources to help you with your liquidty needs and options. We are always expanding this through strategic partnerships and new client relationships. We have four main options to help you bring deposits into your bank or credit union.
Is your Rate Service costing you money? If you are a well-capitalized bank you can take brokered deposits. We are at an interesting crossroads in the funding arena. Brokered funding levels are quite bit below direct deposit funding on short-term and longer-term CDs they are about the same. Here is a table with some current funding levels. Call us or send us an email. We can help you with a solution to your liquidity needs. Updated 3/19/09.
| Term | Brokered Rate | Direct Rate |
| 10 Year | 4.25% | 4.50% |
| 7 Year | 3.95% | 4.25% |
| 5 Year | 3.65% | 3.50% |
| 4 Year | 3.35% | 3.25% |
| 3 Year | 3.00% | 3.00% |
| 2 Year | 2.40% | 2.40% |
| 1 Year | 1.45% | 2.00% |
| 9 month | 1.10% | 1.80% |
| 6 month | 1.00% | 1.70% |
We service banks and credit unions and make it easy to acquire the type of deposits that help you meet your funding goals. We can send funds from CIP exempt institutions such as banks, credit unions, and public entities, as well as, personal and corporate accounts that require full CIP. For those clients that require full CIP, we will be sure you receive the documents you require for your files.
Direct Placed CDs
Direct Placed CDs are by far the most popular service we offer. And with the added ease of our eInfo system,
accepting deposits has never been easier. The clients wire their funds directly to your institution and
either fax or email their set-up information.
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Brokered CDs
Many of these placements are very similar
to our Direct CD service. The two big differences are: 1) the set-up information comes from us and 2) the rate to the
client may be reduced from your total cost. The difference between the gross rate and the net to the depositor is the spread billed by us back to your institution.
For example,
you may offer us a 3.50% total cost for a 1-Year CD. We mark the rate down to 3.25% and bill the 0.25% spread
back to your institution.
In many cases, these CDs are less expensive than direct CDs.
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Large Block Deposits
Large block deposits are the easiest to handle for you. You receive a single CD that is comprised of five or more deposits grouped
together. So, instead of having to set-up up five or more seperate $99,000 or $100,000 CDs, you only have to set-up one for $495,000. Instead of
sending out five or more sets of paperwork, statements, interest payments, etc; you only send out one. Although much easier to handle, they
generally need a premium on the rate. However, the time savings and ease probably makes up for much of the difference in the additional cost.
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Web Advertising
Web Advertising is our newest service. We currently receive about 3500 targeted visitors a week that are looking for CD Rates.
We can direct these visitors directly to your bank or credit union and the services you offer. We do this through
direct links on our Compare CD Rates page, blog posts, custom
pages, ad squares, and banner advertising. Call or email us for a quote.
- Links
- Sponsored blog posts
- Ad squares or Banner Advertising
- Includes: one free blog post
- Free link for as long as we run the ad or banner
- Custom web page designed for your offers and services with three month committment
