Providing clients with more ways to preserve capital, liquidity and income.
The Bancorp Master Demand Account (MDA) and Master Demand Account Advantage (MDAA) — offered through The Bancorp Bank, N.A., Member FDIC — enable retirement plan sponsors to provide participants with a cash option offering an attractive yield and the security of FDIC deposit insurance coverage.
No minimum initial deposit required for plan sponsor to open account.
Minimum initial balance of $10,000 required for plan sponsor to open account.
Institutional Deposits Account Features:
Liquidity, competitive interest rates, and easy ability for plan participant to redirect this cash component of the qualified plan through the National Securities Clearing Corporation (NSCC) Fund/SERV® network.1
1. Permitted transactions include deposits to the plan’s cash component by payroll deduction or redistribution of funds from plan’s investment component(s); redistribution of cash to plan’s investment component(s); and taking a distribution from the plan.
Offers clients premium account features with optional transfers to/from their investment accounts.