maxsafeaccount.com

MaxSafe Municipal^TM, developed specifically for local government agencies, is an innovative and unmatched investment alternative that provides up to 15 times the FDIC security of a traditional banking deposit for reserve funds.


MaxSafe Municipal provides many benefits:

• $3.75 million FDIC insurance coverage
• Competitive returns
• Centralized investments with a single monthly statement
• Accurate financial reporting

Receiving this maximum safety is easy. Just call Wintrust Government Funds today and ask how to receive a MaxSafe Municipal deposit program with a minimum deposit of $100,000, and keep your reserve funds safe and growing.  Wintrust Government Funds offers superior customer service, customized products, sharper pricing, quicker decisions, and dedicated community involvement through Wintrust Community Banks that School Districts, Park Districts and Municipalities are looking for. Wintrust Government Funds offers innovative financial solutions and custom treasury management tools to these entities.

If you have any questions or would like more information please contact Aimee Briles, Vice President, Wintrust Government Funds at (630) 516-4685.

A few specific frequently asked questions about MaxSafe Municipal:

Are withdrawals from this account restricted?
Withdrawals may be made electronically via ACH or wire. The account is limited to six (6) withdrawals per month.

What interest rate will the account earn, and how is interest paid?
Interest is paid to the account the first day of each month. The rate will be determined at the discretion of Wintrust but will generally be fifteen basis points (0.15%) above the previous month’s average of the Illinois Funds Money Market Fund.

With multiple banks involved, how does the bank report where the funds are located?
You will be provided a monthly statement listing the total balance on deposit in the MaxSafe Municipal account. The last page of the statement will provide a breakdown of what funds are on deposit at which banks.

What if the balance exceeds $3.75 million?
Balances that exceed $3.75 million are not covered by FDIC insurance but can be left on deposit. These funds will be reported on the monthly statement as “non-insured” funds. Non-insured funds are maintained by the bank that initially opened the account and are not spread across multiple banks.