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Relationship banking is at the heart of our Eurodollar Time Deposit, an investment vehicle designed
for corporate, commercial, institutional and high-net-worth investors who prefer a short-term,
high-yield money market investment combined with the added advantage of transaction flexibility.
Not to be confused with a Eurocurrency investment, the Eurodollar Time Deposit is a U.S.
dollar-denominated deposit providing for short-term investments backed by the full faith and
credit of the local domestic bank, issued by its offshore branch.
The Eurodollar Time Deposit gives the treasury manager the ability to manage liquidity without
the transaction restrictions associated with traditional bank liability products.
- Interest is calculated on a 360-day basis.
- Rates determined by the current prevailing money market rates.
- Minimum deposit amount of $100,000.
- Sold in increments of $1,000 with maturities of Overnight, TFN (til further notice), Negotiated Term, or Sweep.
- Interest deposited to an account at maturity for overnight and term or daily for TFN.
- Cutoff time for same-day investment is 3:00p.m. CST.
- Direct investment line is 214.932.6711.
- Not insured by the FDIC or any other U.S. goverment agency.
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