Why you should consider demand deposits
The demand deposit program is an attractive alternative to other cash equivalents because of its liquidity, diversification and competitive rates. Investors are able to 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 offering liquidity each day with settlement provided on a T+1 basis. By depositing into the programs, ICD clients make separate cash deposits across a network of participating banks, spreading their funds on a weighted basis.
Programs range in capacity limits, yield and credit rating.