I Am A Large Credit Union That Usually Buys Government Agencies In Denominations Of $500,000 And $1,000,000. How Can SimpliCD Assist Me?
With SimpliCD, purchases can be made in large block increments for one maturity. A net rate is provided for the total amount to be invested with no more than the standard maximum deposit insurance amount per issuing institution. The interest will be included with the entire portfolio and sent to the investor in one interest payment at month end. All placement and interest collection functions are performed by the staff at Primary Financial. Depending on the yield environment, block placements can offer significant advantages over agencies and government securities. The convenience and monthly cash flows make SimpliCD an attractive alternative for larger credit unions’ investment portfolios.
