Anova Financial is a fixed rate cash management solution, offering easy and
stable access to capital for community banks and FDIC insured and competitive rates
to our depositors.
Depositors have traditionally traded returns for liquidity and market risk. Now
depositors can enjoy a unique blend of CD level returns, high liquidity, and FDIC
insured deposit with the ANOVA offering. Anova Financial has positioned itself to
be the innovative leader in Insured Deposits.
This table shows the Anova Financial offering relative to other cash management
options:
| |
|
MRAXX2 |
ON Repos3 |
30-Day CP4 |
30-Day CD5 |
30-DayT-B6 |
| FDIC Insured |
YES |
NO |
NO |
NO |
NO |
NO |
| Principal Bank |
NONE |
YES |
YES |
YES |
YES |
NONE |
| Liquidity |
HIGH |
HIGH |
HIGH |
MED |
LOW |
MED |
| Average Rate6 |
|
4.12% |
4.14% |
4.26% |
4.31% |
4.03% |
1Merrill Lynch Ready Asset Trust
2Overnight Repos (WSJ Money Rates)
330-Day Commercial Paper (WSJ)
430-Day Certificates of Deposit (WSJ)
530-Day U.S. Govt. Treasury Bills (WSJ)
6Average Rate for the past 24 months
Depositors such as pension fund managers, trustees, clerks of the court, non-profit
organizations, money market portfolio managers, credit unions, insurance companies
and private individuals have a new alternative to manage cash that is more secure,
daily liquid without sacrificing returns. In addition, depositors may call their
money at any time using the ANOVA's patented web-based technology.