Deposit Solutions
Platform enabling access to high-yield savings and CD products through partner banks and credit unions.
Overview
Deposit Solutions operates a platform that connects customers with FDIC-insured banks and NCUA-insured credit unions offering high-yield savings accounts and certificates of deposit (CDs). The platform allows users to manage multiple deposit accounts from different institutions with a single login, facilitating easy movement of funds to optimize earnings.
The company itself is not a bank or credit union and does not hold customer funds; instead, deposits are held at partner institutions with federal insurance coverage. Deposit Solutions offers access to exclusive rates and provides deposit insurance coverage by spreading funds across multiple institutions, increasing insured amounts beyond standard limits.
The platform is free to use and targets savers seeking competitive rates and diversified deposit insurance protection. It supports a variety of deposit products including high-yield savings, money market accounts, and fixed-term CDs.
Key Features
- + Access to high-yield savings accounts and CDs
- + Single login to manage multiple deposit accounts
- + Integration with FDIC and NCUA insured institutions
- + Ability to move funds between partner banks easily
- + Deposit insurance coverage beyond $250,000 per institution
- + No fees for platform usage
- + Exclusive interest rates through partner banks
- + Support for multiple deposit product types