Our Fed Funds services are designed to help you get more from the excess funds in your correspondent account in two distinct ways – automatically or manually.
- Automatic Fed Funds Investment – Delivers investment return on overnight funds.
- Manual Fed Funds Investment – Delivers investment return on overnight funds. Call us prior to 3:00 p.m. CST (4:00 p.m. EST) to begin investment transactions.
With Automatic Fed Funds Investments
, you don't have to initiate the transactions, rather the system is designed to take care of them on your behalf.
With Manual Fed Funds Investments, the transaction is initiated by you and under your control.
* All Correspondent Services products are offered through First Tennessee Bank, NA.