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Promontory Interfinancial Network, LLC provides creative funding solutions to the banking and thrift industries, as well as to broker-dealers. Over 2,000 institutions use a Promontory service to enhance their profitability, attract large deposits, and/or obtain fixed or floating rate funding.
Certificate of Deposit Account Registry Service®, or CDARS®
- Offer customers up to $50 million in FDIC insurance
- Place "excess" deposits with other network members, earn fee income in the process
- Purchase funds at competitive rates (without collateralization)
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Insured Network DepositsSM Service, or IND®
- Brokerage firm managers - increase profit margins earned on short-term investment accounts and deliver a differentiated investment product with access to multi-million dollar FDIC insurance
- Banks - tap another wholesale funding option; access large blocks of long-term funding ($25 million - $1 billion+) at floating rates
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Contact Information
Address: 1515 North Courthouse Road, Suite 800
Arlington, VA 22201-2909
Phone: (866) 776-6426
Fax: (866) 528-5700
Website: http://www.promnetwork.com
More information: Mr. Steve Kinner, Senior Managing Director, Sales
Promontory Interfinancial Network,
LLC is an affiliate of the Promontory Group, LLC. |
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