Deposit Process
TKS Baker Insured Deposit Process: How Your Bank Benefits
Convenience
- Ability to receive a stable source of funds from a diversified set of retail customers
- Immediate fill orders up to $100 million; larger orders can take slightly longer
- Enables banks to raise funds without impacting rates paid in local markets
- Banks do not need to post any collateral as they do with federal home loan advances
- Banks can tailor the amount of deposits it takes for specific programs
Cost Savings
- Equal or lower net costs than Federal Home Loan Bank advances, retail CDs, and brokered CDs or other borrowed funds
- Deposits are generally the least expensive source of deposits for most banks
Efficiency
- Additional and significant balance sheet management tool
- Operationally efficient program with a single point of contact for daily settlement
- Creates or supplements your contingency funding plan
