Latest Updates: Related to Inflation
Institutional Bank Insured Deposits

IBID Program

Current Rate of 5.35%*
* Rate as of August 25, 2023. For institutional depositors only.
Note that rate may not apply to all institutions based on state of domicile.

Institutional Bank Insured Deposits

HilltopSecurities’ Institutional Bank Insured Deposit (IBID) Program is a demand deposit product providing both daily liquidity and up to $40 million1of FDIC insurance2 through a network of well-capitalized participating banks.3 Appropriate for both corporations and public entities, IBID serves as an alternative for money market funds (MMFs) and other investment grade liquid investments.


  • Provides FDIC insurance2 up to $40 million1 through participating program banks3
  • Diversification among several FDIC insured banks reduces overall exposure
  • Easy, same-day access to funds
  • Online portal allows you to view deposits online 24/7
  • Rates competitive with MMFs and other investment grade liquid investments
  • No upfront fees, no transaction fees

How IBID Works

Through a partnership with R&T Deposit Solutions, deposits are allocated to as many banks as necessary, up to the program maximum, to fully insure your deposit. Clients have full access to their cash on a daily basis.

1. The maximum amount of FDIC insurance offered at any particular time may differ from $40 million based on bank availability. 2. None of Hilltop Securities, R&TDS nor any of their affiliates are a depository, bank or credit union and none of the programs or products administered by them, including the IBID or R&TDS Network described herein, are, themselves a, FDIC-insured or NCUSIF-insured product. Rather, under the relevant program, a depositor’s funds are placed into deposit accounts at participating banks or other financial institutions that are insured by the FDIC or, if relevant, the NCUSIF, for up to the current standard maximum deposit insurance amount of $250,000 per eligible depositor, per insured participating institution, for each ownership capacity or category, including any other balances the depositor may hold at that institution directly or through other intermediaries, including broker-dealers. 3. For a list of participating program banks, see

Who is IBID Right For?

  • Corporations
  •  Cities
  •  Counties
  •  School Districts
  •  Utility Districts
  •  Public Colleges & Universities
  •  Public Hospitals
  •  Not-for-Profit Entities
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