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NBID Network crosses 800 member banks

What rate do I pay and/or earn in the network?

Updated November 10, 2026

Reciprocal

Funds go out and the same amount comes back

Banks can choose to reciprocate – both sweeping and receiving funds simultaneously – to offer customers access to millions in aggregate insurance across network banks* without affecting the bank’s overall balance sheet size.

Rate

When you reciprocate by sweeping the same amount of funds you receive back to your bank, the network rate offsets itself, leaving only the NBID usage fee. Your institution has full discretion on what rate you pay to your customers in the program.

Volume
  • Full: Reciprocate the full amount swept into the network to maintain balance sheet size
  • Less: Reciprocate less than the full amount swept into the network to reduce balance sheet size and potentially earn additional fee income
  • More: Reciprocate more than the full amount swept into the network to grow the size of the balance sheet

Sweep

Funds go out

Banks can sweep client funds into the NBID network to offer customers access to millions in aggregate insurance across network banks* in addition to sweeping off undeployed deposits to potentially improve financial metrics and earn fee income.

Rate

Banks earn the network rate (typically around the Effective Federal Funds Rate, EFFR) on any deposits swept into the network from institutions receiving those funds, minus the NBID usage fee. Your institution has full discretion on what rate you pay to your customers in the program.

Example
3.88%EFFR network rate your bank earns, as of October 20th, 2026
1.00%Interest your bank offers on the Insured Sweep Account (illustrative)
2.88%Your bank earns on deposits in the network, minus NBID fees

Source

Funds come in

Banks can source cost-effective funding on demand from other banks in the NBID network. Sourcing funding can help manage liquidity and asset origination.

Rate

Banks pay the network rate (typically around EFFR) on funds received. Interest is accrued daily and paid monthly. There are no NBID fees associated with receiving funds.

Example

If the network rate is 3.88%, your institution will pay the network rate on funds received for the number of days the funds remain on your balance sheet.

For more information, see setting rates for your clients and interest payment and monthly settlement.

*A list identifying NBID network banks can be found here. NBID is not an FDIC-insured bank, and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply.

Need a hand? Reach out to your NBID Regional Director or email support@nbid.com.