Certificate of Deposit Marketplace ExchangeSM (CDMXSM) Program - Certificate of Deposit Account Registry Service | Ion Bank

Certificate of Deposit Marketplace ExchangeSM (CDMXSM) Program

Protect a higher account balance.

For customers with an account balance over the FDIC insurance limit of $250,000, the Certificate of Deposit Marketplace ExchangeSM (CDMXSM) program can help you protect your savings.

client meeting with representative

Protect your savings.

We will work with other network banks to disperse your funds into several smaller accounts that are all below the FDIC limit.
Get Started

What Do You Need to Do?

  • Sign a single Terms & Conditions Agreement
  • Select an interest rate maturity based on our current CD terms
  • From here, the funds get deposited, and the CD is issued
  • Receive written confirmation of deposits and a listing of all CDs

Protect Your Savings

As a member of the R&T® Deposit Solutions network, Ion Bank ensures all deposited funds get covered by FDIC insurance.

Handling the full transaction, we break apart your deposit into smaller accounts, which are placed with other network banks. These banks then issue Certificate of Deposits in amounts under FDIC limits, which makes the full investment FDIC insured. Throughout the process, you receive one rate and a single statement.

To learn more about the Certificate of Deposit Marketplace ExchangeSM (CDMXSM) program, contact Ion Bank today!

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