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An important part of total liquidity management is choosing the right investment vehicle to increase the earnings on excess and idle cash.
When you don't need immediate access to these funds, or don't want to expose them to the market risk associated with other types of investments, put them to work earning a fixed interest rate in a PNC Bank Corporate Certificate of Deposit (CD).
CDs are bank issued interest-bearing instruments and FDIC-insured. With CDs, you generally earn higher rates than with other savings products, depending upon the length of time, or term, that your money is on deposit. PNC offers CDs with terms to meet whatever your business needs.
When your CD nears maturity, you'll have the opportunity to reassess your cash flow needs and decide the best next course to take. Let the funds automatically reinvest for the same maturity term at the then current rate, reinvest at a different term that better fits your current plans, or have your proceeds deposited into the PNC account of your choice.
For more information about CD terms and conditions, please contact PNC customer service at 1-877-824-5001.
1. For more information about CD terms and conditions, please contact PNC customer service at 1-877-824-5001.
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