StoneCastle was founded in 2009 to create new funding sources for community banks throughout the U.S. StoneCastle enables any bank nationwide to obtain low-cost, stable deposits. Today more than 1,000 depository institutions use StoneCastle as a gateway to gain access to high-quality deposits from large corporations, endowments, universities, HNW individuals and other institutions that are simply too large for community banks to independently solicit.
Community banks use StoneCastle as a competitive alternative to traditional branch deposits. The fully loaded cost of branch deposit funding is expensive, and our bank clients benefit from the cost-efficiency, flexibility and stability of our deposit funding. It's as simple as 1-2-3.
1. StoneCastle opens a single standard business money market account (no cost or obligation). 2. Your bank determines amount of funding and sets the rate. 3. Easily direct funding/rate levels up or down whenever convenient for you. Visit Website
