Insurors Bank Launches New Account Current Money Market
IOT members recently asked Insurors Bank to design an ideal account for parking "account current" funds to keep them separate from other funds, earn very competitive interest rates and be easily accessible when the time comes for pay-out. The bank's management team went to the drawing board, and now the new account is ready.
The Account Current Money Market gives agencies total control. You can make unlimited deposits into this separate "escrow" account and maintain a rolling balance earning a competitive rate of interest. Plus, if you keep just a $2,500 minimum balance, there's no service fee on the account.
The money is also easy to access. For Insurors Bank customers with online cash management, you simply transfer funds electronically back into your business checking account for disbursement. You can do this up to six times each month. If you do not have cash management services with Insurors Bank, you can simply authorize Insurors Bank to transfer your funds to any bank account you designate. You can make six transfers per statement cycle, three of which can be by check.
Here's more good news. Unlike most banks, Insurors Bank does not charge per-item fees for electronic transfers. This is really an excellent account designed specifically for IOT members.
To find out more about the Account Current Money Market, call toll free: 866-866-IBOT (4268). The bank's local representative in your area will be glad to answer any questions and help get your account established.
Earn Higher Interest. Park your extra cash where it will earn the best yield. To view today’s agent-only interest rates at Insurors Bank, click here and enter your IOT member password.
