Evolve Bank and Trust in Memphis has announced that it is making available to its customers the Deutsche Bank Insured Deposit Program.

The product, which was introduced Monday, gives account holders expanded Federal Deposit Insurance Corp. coverage of money market deposit accounts, with protection of up to $3 million per individual account, $6 million on joint accounts, daily liquidity, and free online access.

The insured-deposit program offers maximum safety of principal, flexibility, no minimum investment requirement, diversification of assets, and a competitive money market interest rate, the company said.

W. Scott Stafford, Evolve's president and CEO, said investors have a keen interest in FDIC-insured investment products.

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