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IntraFi Network Deposits®

As your neighbor and community bank, it's our job to keep your assets safe and make your life easier.

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As your neighbor and community bank, it's our job to keep your assets safe and make your life easier.

Keep large deposits safe with IntraFi Network Deposits®. You can access FDIC protection on multi-million dollar deposit investments through First Hope Bank. There are few guarantees in life—FDIC insurance is one of them.

In addition to security, this effortless solution replaces a mountain of management. Enjoy streamlined statements and tax reporting while eliminating several middle-men between you and your money.

Overview

  • Interest earned on entire balance
  • $300 daily minimum balance to waive $4 monthly service charge
  • Unlimited withdrawals — in person or with your ATM card
  • Free ATM card
  • Free online banking & bill pay
  • Free mobile banking
  • Free telephone banking

How it works

First Hope Bank is a member of a special network. When you place a large amount with us, we place your funds into accounts issued by other banks in the same network—in increments of less than $250,000—so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. As a result, we can make the full amount of your deposit available for community lending purposes. [1]


What Else Should I know

Now you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.

And with IntraFi Network Deposits, you can eliminate the need to monitor changing collateral values—another time saving convenience.

Sample Rate Table

Rates Effective: 7/27/2024

Minimum Balance to earn APYAPY
Balances up to $10,000*1.00%
Balances over $10,000*1.00% – 0.32%

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*APY=Annual Percentage Yield. Rates are subject to change after account is opened. “Monthly Qualification Cycle” is the period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Rewards are earned only if requirements and qualifications are met each monthly qualification cycle. Qualifying transactions must post and settle during qualification cycle. Transactions may take one or more banking days from the date of transaction to post and settle. ATM transactions do not qualify as debit card transactions. When requirements and qualifications are met in Kasasa Cash®: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($5 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 will earn an APY of 1.00%; and (3) balances over $10,000 will earn an interest rate of 0.25% on the portion of the balance over $10,000, resulting in an APY range of 1.00% – 0.32% depending on the balance. If qualifications are not met on Kasasa Cash®, all balances will earn and APY of 0.02%. The advertised Kasasa Cash® APY is based on compounding interest. Interest earned may be less than advertised APY. If requirements and qualifications are not met, we reserve the right to convert your account with proper notice. Fees may reduce earnings. Limit one account per Social Security Number. Personal accounts only. Minimum deposit at account opening may apply. Member FDIC. Contact a First Hope Bank associate for more information.

 

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