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Treasury Management for Your Business

With the recent turmoil in the markets, legal and regulatory adjustments by the FDIC, U.S. Treasury Department, and other government entities are providing certain opportunities for your Treasury Management deposit options.

Recently, we launched MaxSafe® Treasury Management (TM). We found that utilizing this unique alternative product to a traditional collateralized repurchase (repo) sweep account would prove very beneficial to an under-served market.  With MaxSafe, you don't need to hassle with surety bonds or collateralization requirements and can assure your organization's deposits of FDIC Insurance coverage (up to $3.75 million).

You can open an account with MaxSafe and manage your Treasury Management investments at one bank, with one consolidated statement and tax reporting document at the end of the year. Manually consolidating statements and interest disbursements will become a thing of the past. Less administrative burdens so that your business can focus on its customers and overall financial performance.

  • Work with one financial institution to safely secure and insure your large deposits (from $100,000 to $3,750,000).
  • Your organization will receive one regular statement detailing your deposit balances with MaxSafe and the MaxSafe banks in which your money is actually deposited.
  • At the end of the year your organization will receive one tax document from MaxSafe via Wayne Hummer Trust Company, N.A. No need for multiple different documents from different banks or financial institutions.
  • No Hidden Fees. Period.  


Another opportunity comes from the FDIC’s Temporary Liquidity Guarantee Program (TLGP).  All funds in non-interest-bearing transaction deposit accounts held in the U.S. at Wintrust Community Banks will be fully guaranteed.  The unlimited FDIC-coverage under TLGP will last through December 31, 2009.

For purposes of the transaction account guarantee program under TLGP, the FDIC is including in the definition of the non-interest-bearing transaction account:
        NOW accounts with interest rates no higher than 0.50% for which Wintrust Community Banks commit to maintain the interest rate at or below 0.50% through December 31, 2009.

Contact a MaxSafe Treasury Management professional at 630-516-4673 to open an account today.

 
             
Wintrust Mortgage