Public Funds Products

Public Fund Non-Interest Checking Account

Key Features

  • Available only to governmental units
  • General FDIC Insurance coverage of $250,000 applies
  • Provides unlimited monthly transactions, including check writing
  • Monthly statements detailing account activity are provided
  • Standard online banking available
  • CD-ROM containing cancelled checks can be provided

Public Fund Analyzed Checking Account

Key Features

  • Available only to governmental units
  • General FDIC Insurance coverage of $250,000 applies
  • Provides unlimited monthly transactions, including check writing.
  • Account balances earn credits that may be used to reduce or completely eliminate transaction fees
  • Monthly statements detailing account activity are provided
  • CD-ROM containing cancelled checks can be provided 
  • Standard online banking available 
  • Postive Pay, Remote Deposit and ACH/Direct Deposit Services are available 

Public Funds Interest Checking Account

Key Features

  • Available only to governmental units
  • General FDIC Insurance coverage of $250,000 applies
  • Provides unlimited monthly transactions, including check writing
  • No regular transaction fees are assessed
  • Earns a competitive tiered interest rate on 100% of daily available balance
  • Standard online banking available
  • Monthly statements detailing account activity are provided
  • CD-ROM containing cancelled checks can be provided

Public Fund Money Market Account

Key Features

  • Available only to governmental units
  • General FDIC Insurance coverage of $250,000
  • Provides a limited amount of monthly transactions
  • No wire transfer fees are assessed
  • Earns a competitive tiered interest rate on 100% of daily available balance
  • Monthly statements detailing account activity are provided
  • Standard online banking available

Public Fund Certificate of Deposit

Key Features

  • Available only to governmental units
  • General FDIC Insurance coverage of $250,000 applies
  • Flexible terms offered to meet funding needs
  • No wire fees are assessed
  • Earns competitive interest rates
  • Rates quoted daily

CDARS® - Certificate of Deposit Account Registry Services

Key Features

  • Talmer Bank and Trust can access multi-million dollar FDIC insurance (limits apply) on certificates of deposit as a member of the CDARS® network
  • You earn one interest rate on all CD placements; no need to negotiate multiple rates
  • Flexible terms offered to meet funding needs from four weeks to 260 weeks (five years)
  • One detailed statement with all of your CD investments
  • Earns competitive interest rates comparable to U.S. treasuries

Sweep Repurchase Investment Account* - Not FDIC Insured

Key Features

  • Fully collateralized by U.S. Government Securities
  • Any amount over and above pre-determined target balance will automatically sweep daily into our repurchase investment account
  • Excess cash balances earn maximum yield
  • Earns competitive variable interest rate that can change daily and can be adjusted as overnight wholesale market rates change
  • All funds swept are fully backed by a segregated portfolio of government securities

*Beginning July 1, 2009, in all new sweep account contracts, in renewals of existing sweep account contracts and within sixty days after July 1, 2009, and no less than annually thereafter, federal law requires that we prominently disclose to sweep account customers that amounts placed in Repurchase Agreements pursuant to YOUR agreement (i) are not deposits within the meaning of 12 U.S.C. 1813(I), (ii) are not insured by the Federal Deposit Insurance Corporation (F.D.I.C.), and (iii) are subject to investment risks, including possible loss principal invested; and that if we fail (i) you will be a secured creditor, but (ii) you may become an unsecured general creditor to the extent that the market value of the Securities used as collateral falls below the outstanding amount of our Repurchase Agreement Obligations to you.