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Using Promontory Interfinancial Network's CDARS®, ICS, and IND® services, financial institutions can build multi-million-dollar relationships, manage liquidity by selling excess deposits for fee income, and tap cost-effective fixed- or floating-rate funding (available without collateralization or stock purchase requirements). Promontory has established the nationwide Promontory Network, comprised of more than 3,000 financial institutions, through which members place billions of dollars in deposits every week.
As a service to the banking industry, Promontory also offers Prepaid Assessment MarketplaceSM, a free service that helps depository institutions buy and sell prepaid FDIC assessments.
To learn more, please visit www.promnetwork.com.
Limits and other terms and conditions apply. CDARS and IND are registered service marks and Prepaid Assessment Marketplace is a service mark of Promontory Interfinancial Network, LLC.
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