Time & Demand Deposits

Why You Should Consider Time and Demand Deposits

With ICD Portal’s pre-screened account providers, treasury teams can trade demand deposits directly on the platform and bypass the time-consuming process of negotiating rates with various banks. In addition, ICD Portal provides access to a broad range of competitive time deposit programs through our partner 360T, as well as through the broader Tradeweb organization and other select banking institutions.

For Time Deposits, ICD Portal’s single-sign-on (SSO) integration with 360T, our broader Tradeweb offerings, and other select financial institutions means that treasury groups have access to a global range of time deposit products of varying durations and yield. Overall, time deposits are an attractive option to position cash in high-yield accounts, especially in situations where liquidity is less of a priority. Most time deposits have durations that range from several months to one year.

Demand Deposit programs are an attractive alternative to other cash equivalents because of their liquidity, diversification, and competitive rates. Investors can make deposits and withdrawals as frequently as they wish, with no limitations or transaction fees. All balances managed through the program are in bank deposit accounts that offer daily liquidity with settlement provided on a T+1 basis. By depositing into these programs, ICD Portal clients make separate cash deposits across a network of participating banks, spreading their funds on a weighted basis. Programs range in capacity limits and yield.