H. C. Denison Co. Investments Sheboygan Wisconsin

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The
LYRA
Program

 Liquidity
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Program
 

What is the LYRA Program?

The LYRA Program is a safe and liquid deposit program that allows you to protect your cash balances while you earn a competitive rate. Your available cash balances will be deposited into interest-bearing, Federal Deposit Insurance Corporation ("FDIC")-insured deposit accounts at one or more FDIC-insured financial institutions participating in the LYRA Program ("Program Bank").

The LYRA Program deposits are held by each Program Bank and not by H.C. Denison Co. ("Denison Co."). The LYRA Program balances are insured up to the FDIC limits per Program Bank utilized, subject to the combined total of all your deposits at a Program Bank, including those outside this account.

View the most current list of Program Banks and Rates available in the LYRA Program.

The LYRA Program is FDIC-insured and is not a security position and is not covered by SIPC.

     

How does the LYRA Program Work?
The LYRA Program combines your brokerage investment account with the convenience and safety of an FDIC-insured money market deposit account. Your cash balances earn interest while providing you with extended FDIC coverage.

Denison Co. will maintain a sub-account at each FDIC member financial institution in which your balances are deposited. Each member financial institution qualifies for its own FDIC limit thereby multiplying the program limit by the number of member financial institutions utilized for your account. Denison Co. seeks to limit the customers’ deposit at each member financial institution so that principal and interest will not exceed the FDIC insurance limitations.*
     
How the LYRA Program works.
 

Why Choose the LYRA Program?


The LYRA Program provides our valued clients with the following features:

  • Safety—deposits are FDIC-insured up to the limit for each member Program Bank utilized in the LYRA Program

  • Flexibility—attaches as a daily sweep account to your brokerage account that sweeps excess funds produced by interest/dividends/sales/deposits and covers purchases and withdrawals

  • Liquidity—balances are easily accessible with the option of checkwriting and/or debit card

  • Competitive rate offering and daily interest accrual

  • Tax reporting—consolidated on one Denison Co. Form 1099

  • Convenient account statement service—summarizes all activity of your account on one Denison Co. monthly/quarterly/annual brokerage statement
     
 
*Visit www.FDIC.gov for
current insurance coverage limitations
  
     
H. C. Denison Company, Sheboygan Wisconsin