Cash Management

Short-term certificates of deposit, treasury bills and money market funds are used for clients who want to reserve money that is readily accessible.

When it comes to safe, secure investments with a guaranteed return, it is hard to beat certificates of deposit. You can select the term of your choice (from 3 to 120 months) with a rate that is fixed for the entire term. So there are no surprises. Unlike some alternative investments, there's no danger of losing principal. And you don't have to worry about market risk - you are guaranteed to earn the rate promised regardless of what happens in the financial markets. A CD (Certificate of Deposit) is a time deposit that typically offers a fixed interest rate (coupon rate) for a specified period of time. The maturities, rates of interest and interest payment terms of CDs available through our program will vary.

T-bills are considered one of the safest of investments because they are short-term and are backed by the full faith and credit of the U.S. government. Because of their short-term nature, T-bills have less exposure to inflation and interest-rate risk than longer-term investments. They have 13-week, 26-week and 52-week maturities. They are purchased at a discount and mature at face value. The difference between the purchase price and maturity value (the amount of the discount) is considered interest.

Money market mutual funds (usually referred to as money market funds or money funds) invest in short-term, fixed-income securities, otherwise known as money market investments. By definition, money market investments mature in less than one year.

Cash management features include: Checkwriting, Visa Gold debit/ATM card and more.