Does ISJIT offer any special cash management services?
ISJIT offers a variety of investment services that participants find helpful. Diversified Fund: ISJITs Diversified Fund provides complete daily liquidity, pays a variable rate of interest and is the most popular investment alternative. Investments are limited to the highest quality available and are specifically tailored to Iowas public funds statutory authorizations. Funds may be transferred in or out of ISJIT accounts as frequently as desired without cost. In addition, each participant may open as many ISJIT accounts as necessary to complement your local bank account structures. Electronic Funds Transfer: The state of Iowa allows school districts to electronically receive distributions of foundation aid, Phase payments and any other state distribution of revenue via electronic funds transfer (EFT). Many ISJIT participants take advantage of this unique program service by having the state automatically deposit monthly payments directly into their ISJIT account, ensuring that payments a
