In today's highly competitive environment Banks and Thrifts compete daily for traditional
deposits to expand their loan activities while enhancing net interest margins. With
ANOVA's alternative AnovaCore funding solution, FDIC-insured institutions
have immediate access to a steady source of wholesale funds without typical collateral
requirements or credit limits. ANOVA provides these institutions a leading
edge treasury service designed to grow as these banks grow.
ANOVA Banking Network (ABN)
Community banks can join the ABN to access ANOVA as a source of funds. Membership
in the network is designed to encourage member banks to make ANOVA core to
their business. ANOVA does not impose any FHLB type restrictions. Community
banks simply request funds from ANOVA based on their needs on a monthly basis.
Register for information on
Bank Rates.
Features and Benefits
- Source of Funds — A steady and stable source of funds with
which to augment other deposits.
- Fixed Rate — A competitive no bid fixed monthly rate of interest.
- Profitability — Enhanced profitability recognized through
increased Net Interest Margins.
- No Fees — Funds available at net transaction - there are
no broker or other fees.
- Ease of Use — A streamlined process for deposit gathering
and excess cash management.
- Flexibility — Ability to expand lending activities.
- No Collateral — No compensating balance requirements or collateralization
of current portfolio.
- ALCO friendly — Favorable Interest Rate Risk modeling for
Asset Liability Committee (ALCO).
- Reporting — Transaction efficiency through a master account.
At ANOVA, we're revolutionizing banking - to everyone's advantage.
Register Now or call 888.266-8293 to speak with a ANOVA representative.
Banking Rates - Banking Interest Rates - Banking CD Rates - Banking Borrowing Rates