About LIDs Capital LLC
LIDs Capital LLC offers broker-dealers and clearing firms its Liquid Insured DepositsSM program. This convenient and flexible FDIC-insured sweep enables clients to insure up to $2.5 million of cash holdings within their brokerage account.
Liquid Insured Deposits, the industry’s first expanded FDIC-insured sweep, provides clients with $2.5 million in FDIC protection and daily liquidity. The patented* and patent-pending technology behind Liquid Insured Deposits serves as a vehicle to increase a firm’s revenue, improve profitability, and increase assets under management.
Liquid Insured Deposits Provides End Clients with:
- Safety of $2.5 million of FDIC insurance. The FDIC only insures deposits, not securities or mutual funds, so your client's cash in Liquid Insured Deposits is safe
- Receive total cash management solutions from their trusted financial advisor
- Access cash at any time through checks, debit cards, ATMs, and wire transfers. Funds are always accessible and there are no penalties for withdrawals
- Put their businesses' working capital to work by earning interest on business checking account balances
*U.S. Patent No. 7,509,286, Systems and Methods for Money Fund Banking with Flexible Interest Allocation, and U.S. Patent No. 7,519,551, Systems and Methods for Administering Return Sweep Accounts.