- Reclaim up to 10% of your transactional deposits for reinvestment
- Permanently recover your Federal Reserve Bank balance
- Immediately impact your bottom line in less than 45 days with Deposit Reclassification
Diana Fisher Chief Operations Officers
We previously relied on a retail sweep solution for several years, but we no longer need it when rates dropped. With interest rates expected to rise and $7 million tied up at the Federal Reserve, we wanted to be proactive and uncover those funds to support our agriculture and consumer loan portfolios. Deposit Reclassification has strengthened our liquidity position to better prepare us to fuel future loan demand when interest rates do increase.