Federally Insured Cash Deposit Programs
At Mission, your liquid cash is easily accessible, secure, and earning for you. Cash is swept daily into one of our distributed insured deposit programs, which deposits the cash into participating financial institutions. The program ensures that your balance in each institution never exceeds the maximum amount covered by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA).
Click one of the links below to see a list of the participating institutions for each program. Your Mission Trust statement indicates which program is assigned to your account.
R&T Deposit Solutions: Demand Deposit Marketplace® (DDM®) Program
R&T Deposit Solutions: TBS Insured Deposit Program (IDP)
CONTACT US if you have any questions or would like additional information.
Important Disclosures:
1. Mission Management & Trust Co. is not a depository institution and is not an FDIC- or NCUA-insured financial institution. FDIC and NCUA insurance cover only the failure of an FDIC-insured or NCUA-insured institution, respectively. Specific conditions must be met for FDIC and NCUA pass-through deposit insurance coverage to apply.
2. The R&T Deposit Solutions: Demand Deposit Marketplace® (DDM®) Program and the TBS Insured Deposit Program (IDP) are not insured themselves. Rather, under each program, participating clients may be eligible to access an expanded level of FDIC or NCUA deposit insurance coverage on their funds swept or placed into deposit accounts at receiving institutions under each Program (subject to program limits, the Program terms and conditions, applicable laws, regulations and guidance, including pass-through insurance coverage requirements.)
3. R&T as referenced in Mission’s website and in your materials is not an FDIC- or NCUA-insured institution; not an affiliate of an FDIC or NCUA-insured institution; not an office, division, or sub-division of the FDIC or NCUA; and not associated with the FDIC or NCUA.
4. On behalf of its clients, Mission Management & Trust Co. invests in a wide range of investments that may include both depository and non-depository investments. Non-depository investments are not insured by the FDIC or NCUA, are not deposits, and may lose value (with specific exceptions).