intrafi Yankee Sweep

Choose the network that expands cash management options

IntraFi^® Yankee Sweep^® is a deposit-sweep product offered to U.S. banks with sophisticated customers as an alternative vehicle for managing cash. Through the service, customer funds are placed with uninsured U.S.-domiciled branches of foreign banks, including some of the world’s largest.

Why choose IntraFi Yankee Sweep?

Institutional Investors

Deposits are placed with U.S.-chartered branches of foreign banks that are subject to Federal Reserve oversight regulation and have international credit ratings; a designated bank or brokerage firm acts as each investor’s custodian.
Enjoy liquidity - funds may be withdrawn at your convenience
Greater yield potential and geographic diversification

IntraFi Network Members

Build valuable relationships with sophisticated customers by offering an alternative cash management vehicle with potential for higher yield
Set the interest rate for your customer
Foreign banks seeking U.S. dollar deposits can access large, cost-effective amounts of cash — from $100 million to billions of dollars — without the need to provide collateral

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Deposit placement through an IntraFi service is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through an IntraFi service at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks. The depositor may exclude banks from eligibility to receive its funds. To meet conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA before settlement for deposits or after settlement for withdrawals. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through an IntraFi service satisfies any restrictions on its deposits.