STAR Plus is a cash management program that provides Ohio political subdivisions with access to hundreds of FDIC insured banks via one convenient account, offering participants full FDIC insurance up to $100 million per account, a competitive yield, and next day liquidity. The State Treasurer's office has endorsed this innovative program as a secure investment option for public funds managers.
STAR Plus is powered by FICA®, an innovative, patent-pending process that
ensures your cash
deposit has full FDIC
insurance from an
extensive proprietary
network of carefully-
screened participating
banks.
| Safety - STAR Plus accounts have no exposure to credit or market risk. All deposits have full FDIC insurance and are backed by the full faith and credit of the U.S. Government. | |
| Liquidity -There is no term commitment on STAR Plus deposits. All deposits are held as overnight demand deposits with same day credit for purchases and next day availability on redemptions. | |
| Performance - STAR Plus provides a competitive yield compared to Money Market Funds, U.S. Treasury Bills, Commercial Paper, Certificates of Deposit, and Time Deposits. |
* Current StarPlus yield is effective as of Aprl 1st, 2017, and is for a maximum deposit of $50 million. For balances in excess of $50 million please call 800-648-STAR. Current yield and maximum deposit insurance coverage is indicative for StarPlus and may change without notice.