|
Product Updates
The latest NBID releases and product news
May 21, 2026
|
Build floating rates against market and custom indices
|
|
|
Your deposit pricing is part of your edge, and your network should support any strategy. NBID has expanded its support of Market Indices and Custom Indices, so you can now price depositor accounts from a larger set of market rate benchmarks, define institution-specific indices, and apply percentage-adjusted spreads against any index you choose.
|
|
The result: floating rate pricing capabilities that fit cleanly into your broader depositor pricing strategy, with the flexibility to benchmark against any standard or custom index. Index selection flows across pricing groups, account creation, and set account interest rate modules, so the benchmarks you choose can be easily implemented for your depositors.
|
|
|
Enhancing your account opening journey
|
|
|
Account opening should be fast, flexible, and focused on the data your institution needs to effectively manage your program. We have enhanced the account opening and editing workflows in your Admin Portal to accomplish just that.
|
|
To streamline your processes, PDF uploads for T&Cs have been replaced by a single attestation checkbox, and TINs can now be entered directly through the Admin Portal and API. For added flexibility, Cost Centers have moved to a searchable dropdown and Non-Interest Bearing has been added to available rate structure options. For capturing the data you need, new fields have been created for Bank Exclusions, Account Officer, Paper Statement Opt-In, and four free-text Custom Fields for institution-specific metadata.
|
|
The result: fewer steps per account, simpler ongoing maintenance, and room to capture the data that matters to your program.
|
|
|
Also new
|
|
Bulk Sweep Account Statements
Download every sweep account statement in a single zip from the Admin Portal, with a companion file for programmatic ingestion and distribution to your depositors through your preferred channels.
|
|
Visibility into Insurance Limit per TIN
See the current, and quickly growing, per-TIN insurance limit at the top of the Sweep Program, so your team can size large depositor placements and easily address client coverage questions.
|
|
View the full changelog
|
|
|
|
All features are available now in the Portal. Reach out to your Regional Director or contact@nbid.com with any questions.
|
|
NBID LLC is not a bank. Deposit insurance covers the failure of insured institutions, not NBID. Deposits are placed at FDIC-insured network institutions and are eligible for pass-through insurance up to $250,000 per institution. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. A list of participating banks appears at nbid.com/bank-list.
|
|
View Email in Browser
NBID · 386 Park Avenue South · 9th Floor · New York, NY 10016 · USA
Unsubscribe Here
|
