Dunham Insured Deposit Marketplace (IDM)

One Stop Access up to $50 million in FDIC Insurance

The Dunham Insured Deposit Marketplace (IDM) offers up to $50 million in FDIC Insurance by allocating deposits across a network of FDIC insured banks. This cash management account provides stability, daily liquidity, and convenience. The IDM delivers what we believe a competitive yield and increases insurance protection.

Program Highlights

Daily Liquidity FDIC Insurance Competitive Returns

As of :

The APY on IDM is 5.15 %*
The interest rate on IDM is 5.03 %*

How IDM Works

Investor cash balances are sent daily into the IDM program and allocated into several program banks to maximize FDIC Insurance.

Customers have the option to exclude any IDM Receiving Bank they choose. However, by opting out of one or more IDM Receiving Banks, it may affect the maximum amount of FDIC insurance available. We partner with a Third-Party, Reich & Tang, to offer FDIC insurance across a network of banks. If you require a bank to be removed from the list for your purposes, you can review that list at the link below and send a request in to customercare@dunham.com

View Bank List

IDM Disclosure Booklet

Download Disclosure PDF

IDM Flyer

Download Flyer PDF

View FAQ

If you participate in the IDM offered by Dunham Trust Company (“DTC”), DTC is acting as your agent. DTC also serves as custodian of the Custom Asset Allocation Programs and is an affiliated entity of Dunham & Associates Investment Counsel, Inc., (“DAIC”), a Registered Investment Adviser and Broker/ Dealer. Member FINRA/ SIPC. DAIC is the sponsor of the Dunham Asset Allocation Program.

The FDIC insurance limit for all insurable capacities in the IDM is $250,000 per program bank. The IDM program banks may be excluded from receiving program deposits in the event that total assets at a program bank (including assets that are held with the bank outside of DTC’s IDM) exceed the FDIC insurance limits. For example, if you have deposits in a bank through the program and also have made deposits at that bank outside the program, all of these deposits will count toward the FDIC limit. It is your obligation to monitor your account(s), your FDIC coverage and your FDIC insurance eligibility. See www.fdic.gov for more details regarding FDIC coverage. For more information on DTC’s IDM, please refer to the IDM Disclosure Booklet. If you would like to opt out from certain program banks, please speak to your advisor or contact Dunham at customercare@dunham.com .

Excluding a bank from holding your Insured Bank Deposit balances may result in a lower available program limit for FDIC insurance. The bank list is subject to change.

See the IDM Disclosure Booklet for details, limitations, and eligibility requirements to participate in the IDM.

*The Annual Percentage Yield (APY) and interest rate shown is available in IDM and is part of the Asset Allocation Program (“AAP”). It is subject to a program fee of 0.25% (“Program Fee”) charged to DAIC as the program sponsor of AAP and is an asset-based advisory fee ranging from 0.00% to 2.00% (“Asset-Based Advisory Fee”). The actual interest rate received will vary and is based on the actual advisory fee charged. The APY and interest rate quoted, with a minimum balance of $0.01, is current as of the date shown. This rate is variable and may change daily without notice. Interest rates paid on deposits held at DTC are determined at the discretion of DTC. The APY is a rate based on monthly compounding of interest and assumes interest is not withdrawn from the deposit account and no changes to the interest rate for one year. The interest rate may change at any time at the discretion of DTC.

For the IDM, the program interest rate is impacted by several factors, including the total amount paid on deposits by the program banks, the fee paid to DTC and a fee paid to a third party that assists DTC in operating the program. DTC determines the portion of revenue it receives as a fee. The fee paid to DTC will affect the interest rate and may exceed the amounts paid to clients in the form of interest. Neither the program banks nor DTC is required to offer the highest rates available or rates comparable to money market mutual fund yields. In contrast, money market mutual funds generally seek to achieve the highest rate of return consistent with their investment objectives, which can be found in their prospectuses.

DTC, at its discretion, may determine that your account is ineligible to participate in the IDM. IDM provides up to $50 million of FDIC insurance.

The deposit rates and annual percentage yields are variable and may change at any time at DTC’s discretion. They are effective as of the date shown above. Interest will be accrued daily and credited monthly.

Unlike the IDM, non-deposit investments held by your broker-dealer (such as DAIC), are NOT FDIC INSURED / NOT BANK GUARANTEED / MAY LOSE VALUE.

©2023 Dunham & Associates Investment Counsel, Inc. All Rights Reserved
Dunham & Associates Investment Counsel, Inc. is a Registered Investment Adviser and Broker/Dealer. Member FINRA / SIPC.
Advisory services and securities offered through Dunham & Associates Investment Counsel, Inc. Trust services offered through Dunham Trust Company, an affiliated Nevada Trust Company.