Extended coverage
on your assets.

Insured Deposit Program

Get the safety of FDIC insurance coverage while your cash balance earns competitive interest. The Insured Deposit Program provides a safe vehicle for cash balances by offering organizations FDIC deposit insurance for up to $1.75 million.

  • Allows your insured deposits to earn competitive interest
  • Extends FDIC deposit insurance up to $1.75 million
  • Offers automatic deposit of available balances into interest bearing account

View interest rates

Program Features

The BB&T Insured Deposit Program offers the following features:

  • Extended FDIC deposit insurance up to $1.75 million
  • Competitive deposit rates
  • Daily sweep of funds
  • Daily liquidity
  • No transaction limits
  • Maximized safety of principal
  • No explicit fee for participating in the program

How It Works

Through our daily sweep option, available cash balances are deposited into an interest-bearing, FDIC-insured deposit account at one or more financial institutions. Cash balances continue to earn interest while providing you with extended FDIC coverage.

Participating banks are selected for the program using key financial indicators for safety and soundness, which are reviewed not less than quarterly.

To offer our clients this insured, money market deposit program, BB&T has entered a strategic alliance with Deutsche Bank Trust Company Americas, a wholly owned subsidiary of Deutsche Bank AG.


Here are some answers to common questions:

What are the advantages of the Insured Deposit Program (IDP)?

How competitive are the interest rates under the IDP?

What are the IDP rates and tiers?

Do I need to give positive consent to enter the program?

What is the amount of FDIC coverage with the IDP?

What if I have funds invested in the IDP in excess of available FDIC coverage?

Who is Deutsche Bank Trust Company of the Americas (DBTCA)?

What role does DBTCA play in the program?

What is the role BB&T plays in the program?

Am I charged any fees for participating in the program?

What account types can participate in the program?

What account types are not allowed to participate in the program?

How will the available cash I have be swept into the IDP?

Is there a change to the frequency of the sweep?

Do I have to have a minimum balance to be eligible for the program?

Will my participation change my ability to access my funds?

Do I have another sweep option other than the IDP?

How will I access the rate information for the IDP?

How will information be reported on my statement?

How is the interest earned in the IDP treated for tax purposes?

Will my client account agreement change?

Will I receive a passbook or other evidence of participation in the IDP?

What banks are included in the program?

Will the program banks change?

Can I eliminate any program banks from receiving deposits from my account in the program?

How do I determine which program banks my balances are actually deposited with?

Enroll Today

Visit a BB&T Financial Center



View a list of financial institutions that participate in the Insured Deposit Program.

Request that deposits not be made at certain participating financial institutions.

View the Terms and Conditions for the Insured Deposit Program offered by BB&T.

Contact Us

Send us an email

or call 800-866-2288


More search options