How does my bank benefit?

By providing access to modern tools and capabilities, NBID empowers banks of all sizes and designations to focus on supporting their clients and their communities.

• Grow Core Deposits and Client Relationships: Insured Sweep Accounts, which let you provide accounts that make funds eligible for millions in FDIC insurance through program banks, empower you to attract high-value depositors, growing priority lines of business and client segments across business, nonprofits, public funds, high-net-worth individuals, trusts, and more.
• Provide Access to Extended Insurance: Offer accounts that make funds eligible for extended insurance through program banks to your clients as a powerful non-rate value proposition to help reduce your acquisition cost of funds.
• Source Funding on Demand: Access a diversified liquidity source of stable, cost-effective deposits without the worries of cannibalization or collateralization.
• Generate Income and Improve Financials: Sweep deposits into NBID's network to boost fee income, increase NIM, and manage the overall size of your balance sheet.
• Precisely Manage Your Balance Sheet: Deposit networks are a tool in your ALCO’s toolkit, allowing you to dial funding up or down as needed to achieve your liquidity and growth goals.

Deposit networks have proven to be foundational financial infrastructure for banks in the FDIC space for over 20 years.