FDIConnect gives you 10x the national average yield. It’s not a promotion, it’s our rate. So how do we offer this while the Big Banks don’t? That’s because they use your savings deposits to lend to their clients. We diversify our risks. How? With the hundreds of smaller, well capitalized banks throughout the U.S. They both want your deposits and are willing to pay for them. You can’t connect to all of them. We can. We maintain a network of over 400 of these well-capitalized banks and speak to them every day. We negotiate the best rates on a continual basis and pass that yield on to you. We don’t have to pay for failed loans or brick and mortar banks this allows us to pass on even more of the yield to you.
FDIConnect is a consumer-focused provider of FDIC pass-through insurance for bank deposits. Through the Fortress Account, clients have access to our network of 400 of the highest yielding FDIC member banks in the nation. This access allows our clients the peace and mind of insuring their entire cash balance (up to $50 million per account) while receiving 10x the average money market rate.