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 $15 million per account, a competitive yield, and weekly liquidity. The State Treasurer's office has endorsed this new 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 weekly access and daily purchase availability. | |
| Performance - STAR Plus provides a competitive yield compared to Money Market Funds, U.S. Treasury Bills, Commercial Paper, Certificates of Deposit, and Time Deposits. |