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In today's dynamic financial landscape, many investors are asking some critical questions before deciding where to put their liquid assets. How can I be sure my money will be safe? Will I have ready access to it in the event of a financial emergency? Will I receive dependable, ongoing interest income?
Our Program offers a powerful solution to your cash needs. The program enables you to safeguard a substantial portion of your assets through a highly liquid, interest-bearing account.
Dreyfus has entered into a strategic partnership with Promontory Interfinancial Network to offer our clients an FDIC-insured deposit sweep option. The IND(SM) Service is an FDIC-Insured, multi-bank deposit program that is designed to complement traditional money market mutual funds. The IND Service does not involve investment in a money market fund.
Compliant with Federal Reserve Regulation D — The IND Service is compliant with Federal Reserve Regulation D, which limits the number of monthly withdrawals on interest-bearing Money Market Demand Accounts (MMDAs). The program uses a dual bank account design that links an MMDA account to a Transactional Account (TA) to provide seamless integration with asset management account services that require daily liquidity.
The IND Service is a product of Promontory Interfinancial Network, offered herein through a private labeling arrangement with Dreyfus. Promontory Interfinancial is 40% owned by The Bank of New York Mellon Corporation and is an affiliate of Promontory Financial Group, a major provider of regulatory consulting to banks, broker/dealers and other financial services firms. Unlike the IND Sweep Service, which offers FDIC insurance on cash deposits, money market mutual funds are not FDIC-insured and involve risk to principal.
*A customer is responsible for monitoring the total amount of deposits held with any one bank, directly or through an intermediary, in order to determine the extent of deposit insurance coverage available on their deposits, including the Dreyfus Insured Deposit Program. Neither Dreyfus, your Introducing Financial Institution (“IFI”) nor your IFI’s clearing agent is responsible for any insured or uninsured portion of the Dreyfus Insured Deposit Program accounts or any other deposits held outside the product.