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IDC Deposits

What is 'IDC Deposits'

IDC Deposits Corp. oversees the MMAX (Money Market Account Extra) program which provides depositors with an efficient way to make large deposits – up to a maximum of $5 million – and secure FDIC insurance.

Expanded FDIC coverage is attractive to depositors, particularly when financial markets are experiencing significant volatility and firms (commercial entities, public agencies and individuals) want a safe place to park cash. The deposit is divided up between a network of 50+ IDC Deposit Network banks nationwide to meet FDIC insurance requirements.

Explaining 'IDC Deposits'

Wells Fargo is the custodian for the MMAX account structure. By dividing a single large deposit into smaller amounts among Network banks, lenders can ensure that the depositor's principal and interest are eligible for full FDIC protection. MMAX account holders are able to make up to six withdrawals from their account monthly.


Further Reading


Assessing the factors that impact non-performing loan ratio: an application on deposit banks by using dynamic panel data
papers.ssrn.com [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

Prepaid IDC deduction-its bumpy past and questionable futurePrepaid IDC deduction-its bumpy past and questionable future
www.osti.gov [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

Bank competition and financial stability in Asia PacificBank competition and financial stability in Asia Pacific
www.sciencedirect.com [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

Deposit insurance and financial intermediation: The case of Indonesia Deposit Insurance CorporationDeposit insurance and financial intermediation: The case of Indonesia Deposit Insurance Corporation
www.tandfonline.com [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

Bank lending during the financial crisis of 2008Bank lending during the financial crisis of 2008
www.sciencedirect.com [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

Determinants of deposit mobilization and its role in economic growth in GhanaDeterminants of deposit mobilization and its role in economic growth in Ghana
dspace.knust.edu.gh [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

Bank spread with uncertain deposit level and risk aversionBank spread with uncertain deposit level and risk aversion
www.sciencedirect.com [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

On the fintech revolution: Interpreting the forces of innovation, disruption, and transformation in financial servicesOn the fintech revolution: Interpreting the forces of innovation, disruption, and transformation in financial services
www.tandfonline.com [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

Finance and economic growth nexus: Complementarity and substitutability between the banking sector and financial markets in Africa, using South Africa as a case1Finance and economic growth nexus: Complementarity and substitutability between the banking sector and financial markets in Africa, using South Africa as a case1
academicjournals.org [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …

Capital account liberalization, institutions and financial development: cross country evidenceCapital account liberalization, institutions and financial development: cross country evidence
www.nber.org [PDF]
… On the other hand, interest applied to loans, loans/ deposits ratio, inefficiency and operating … the Factors that Impact Non-Performing Loan Ratio: An Application On Deposit Banks By … This Journal is curated by: Jacob Boudoukh at Interdisciplinary Center (IDC) Herzliyah, Robert …


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