Banking services provided by The Bancorp Bank, N.A. Member FDIC.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
The Bancorp Bank, N.A.’s Master Demand Account Advantage (MDAA) is an FDIC-insured interest-bearing demand deposit account for individuals and financial institutions that make transactions through the National Securities Clearing Corporation (NSCC) or directly with the bank. It is an alternative cash vehicle that allows for pass-through FDIC insurance for individual account holders. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.
Features Include:
MDAA Product Fact Sheet and Disclosure for Broker Dealer/Recordkeeper
MDAA Product Fact Sheet and Disclosure For Plan Sponsor/Participant
Master Demand Account Advantage Performance Data
Daily rate: 0.0000219178%