If you are concerned with the security of deposits over $250K at other financial institutions, we can provide an enhanced level of FDIC protection. All cash held in a Peak Advantage Total Cash Management Account is FDIC insured up to $10 million per client account.
What’s more, for client accounts with cash positions that exceed the Peak Advantage Total Cash Management Account coverage limit of $10 million, excess cash is invested in the Federated Government Obligations Money Market Fund (GOFXX), which is 100% backed by Government Securities.
Unlike most banks that are depository institutions, Peak Trust Company does not maintain a loan portfolio, and is not dependent on a minimum level of client deposits to remain solvent.
Most importantly, you will have access to better rates than large banks – with the personal service and direct access our clients have come to expect.
Reach out to our team today to learn more!