Thurston First Bank leverages its unique investment processes to maximize returns for clients by facilitating automatic overnight cash investment; multi-million dollar FDIC insurance protection through Promontory Network; and other premium services.  Below is a selection of the distinctive solutions offered.

Thurston First Bank’s Repurchase Sweep is a simple, automatic way for you to save valuable time managing your company’s cash position while earning higher returns on your daily operating cash. Non-FDIC insured, the Repurchase Sweep is backed by government securities.

Key Features & Advantages

• Automatic Investment: Excess funds from your checking account are automatically transferred, or swept, into an overnight investment option.
• Higher Returns: Earn a competitive rate of interest on your daily operating cash. Larger balances draw higher interest due to our tiered balance structure.
• Full Liquidity: Because sweep accounts are overnight investments, you will maintain anytime access to all your funds.
• Security: The funds invested in a Repurchase Sweep are fully backed by government securities.
• Visibility: A comprehensive monthly statement will be provided detailing all transactions and investment earnings for your checking account and Repurchase Sweep.

Certificate of Deposit

Through the CDARS® service, your business can access multi-million dollar FDIC coverage on CD investments made through Thurston First Bank on deposits up to $50 million.

With CDARS®, your business will enjoy the following benefits:

• One Bank: Access multi-million dollar FDIC insurance coverage by working with Thurston First Bank — the bank you know and trust.
• One Rate: Negotiate one rate for each CD maturity and enjoy the option of reinvesting them through a simple process.
• One Statement: Receive one easy-to-read statement summarizing all of your CD holdings.

As always, your business' confidential account information remains protected.
 
CDARS is the perfect solution for many depositors: not for profits and public funds; businesses; advisors, including trustees, CPAs, financial planners and lawyers; individuals; and socially-motivated investors.

Triple Option clients can choose to utilize each of the following options once per year during the term of investment:

• Bump rate to current published rate  
• Add to the principal
• Withdraw up to one quarter of your current balance with no penalty

Note:  A penalty may be imposed for early withdrawal; the interest rate and annual percentage yield (APY) may change.