Reich & Tang Insured Deposits

Reich & Tang Insured Deposits is a leading expanded FDIC-insured sweep program that enables your customers to protect their cash holdings with up to $2.5* million of FDIC insurance. With cash allocations and the demand for FDIC insurance at their highest level in decades, Reich & Tang Insured Deposits ensures your firm remains competitive in its offerings and provides a tool for financial advisors to gather assets and grow their books of business.

How It Works

① Cash balances in your clients’ brokerage accounts are swept daily into the ② Reich & Tang Insured Deposits program, where, ③ utilizing its innovative modeling technology, deposits are allocated among one or more program banks. ④ No one bank receives more than $250,000** to ensure that their cash is fully protected at all times. Each clients’ cash balance, whether savings or temporary liquidity pending investment opportunities, is accessible at any time and is FDIC-insured up to their total cash balances or the program maximum, whichever is less.

Reich & Tang Insured Deposit Process

Reich & Tang Insured Deposits Provides:

  • Protection—10 times the standard FDIC limit; up to $2.5 million in FDIC insurance achieved by allocating customer deposits among several participating program banks
  • Flexibility—Available to all account types, including individual, joint, corporate, IRA, UGMA/UTMA, and trust account holders
  • Daily liquidity—Cash is available when needed for trades or other investment opportunities, or when using debit cards, checks, ATMs, and wire transfers. Funds are always accessible and there are no penalties for withdrawals
  • Convenience—Consolidate each client's multiple banking and brokerage relationships into a single account with your firm

What Sets Reich & Tang Insured Deposits Apart?

The decision to offer an expanded FDIC program is likely a smart one. Whether you are considering bringing to market a new program or currently offer one, your firm needs to be aware of the critical factors in making your program as successful as it can be. At Reich & Tang, all we do is focus on liquidity and cash management programs. We have harnessed years of market research, compiled reams of client discussions, interviews and feedback, and applied market and regulatory outlooks to create the most flexible program available to ensure your success.


No doubt you have heard that the three critical success factors in growing a business are location, location, location. In the world of expanded FDIC insurance programs, the critical success factor is deposit capacity, capacity, capacity. This means that sponsors need to ensure they have enough deposit-taking ability from the banks within their programs at all times.

Many existing FDIC programs today have hit the capacity wall and have unfilled demand from customers who want FDIC insurance but aren’t able to get it from these “programs on hold.” Reich & Tang Insured Deposits has billions of dollars in capacity that is ready to be put to work for your program, and more importantly, your customers.

Flexibility - Corporate Accounts

Another important factor that will maximize the success of your program is flexibility. Of the many features that Reich & Tang Insured Deposits offers beyond that of the competition, one of the standouts is in its ability to be non-discriminatory with the types of customers that can place deposits within the program. The program is offered to all account types—including corporate accounts.

We understand that corporate accounts can make up a large part of your business and therefore we ensure that they are not left out in the cold when it comes to being able to enjoy the protection of expanded FDIC insurance on their business accounts. Most of these accounts are small businesses that are looking for better ways to protect their working capital. Your ability to offer it to them will help to retain these important customers and attract new ones.

If you have an existing FDIC program that is not able to meet the needs of your corporate accounts, we are certain that we can help to quickly fill this important void.

Comprehensive Cash Management Consultation

Talk to us about discussing a comprehensive cash management program tailored to your needs. Whether it is your desire to provide additional program capacity, start a new program, or uncover new strategies to enhance program profitability, Reich & Tang will lead you on that path to success. We will present ideas that make the most sense for your business and, importantly, your customers.

I would like to initiate a comprehensive cash management consultation.

*Your client's cash can be FDIC-insured up to $5 million for a joint account and $2.5 for all other account types.

**In instances where customers' cash balances exceed the program maximum, the amount exceeding the maximum may not be insured, and allocation to certain program banks may exceed $250,000.

Funds in Reich & Tang Insured Deposits are deposited into money market accounts at participating banks. These accounts are insured by the Federal Deposit Insurance Corporation (FDIC) currently for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through other intermediaries, for a total of up to $2.5 million of FDIC insurance. Please read the Terms and Conditions carefully for program details before investing. Reich & Tang Insured Deposits is offered by Reich & Tang Deposit Solutions, LLC.