Value Proposition
Corporate One’s overnight deposit options allow credit unions with excess funds to invest in a flexible overnight accounts for a greater return on their money compared to a settlement account alone. Overnight deposits also provide for convenient cash management via Corporate One’s member account management system.
Fed Funds Plus
The Fed Funds Plus account is an overnight share account that pays a competitive rate based on current market rates in the fed funds market.
Benefits
- The account remains open until funds are withdrawn in full
- No withdrawal restrictions allow for daily liquidity
- Dividends are paid daily into the Fed Funds Plus account and are reinvested each day for added convenience
- The convenience and security of investing with Corporate One
- Ability to transfer funds in and out of the fund until 6:00 p.m. Eastern time
Features
- Dividends are paid daily
- Dividends are based on an actual/365-day basis
Deposit Tiers
- $50,000,000 or more
- $10,000,000 - $49,999,999
- $5,000,000 - $9,999,999
- $2,000,000 - $4,999,999
- $1 - $1,999,999
Restrictions
- Balances may be deposited or withdrawn from this account only at the request of the credit union. The Fed Funds Plus account is not a settlement account.
Money Market Maximizer
The Money Market Maximizer account is an overnight share account, which pays a higher yield than many overnight account alternatives while maintaining liquidity and flexibility. If you’re looking for an account that provides liquidity and higher short-term yields, consider the Money Market Maximizer account.
Benefits
- Competitive interest rates, which are determined daily based on the fed funds market
- Smart alternative to a Money Market Mutual Fund
- Dividends accrue daily and pay monthly
- The convenience and security of investing with Corporate One
- No withdrawal restrictions allow for daily liquidity
Features
- Members have no minimum deposit requirement
- Members have no withdrawal restrictions, providing daily access to funds
- Dividends are paid monthly on the first day of each month for the previous month’s accrued dividends and are automatically transferred to your settlement account
- Account pays on an actual/365 day basis
Restrictions
- Balances may be deposited or withdrawn from this account only at the request of the credit union. The Money Market Maximizer is not a settlement account.
MemberView®
Our web-based account management system provides members easy, convenient cash management with the click of a button. Investors can access their accounts, transfer funds, monitor activity and much more.