Indiana Order of Deposit and Investment

• Category: Indiana Federal - District Court - Northern District
• State: Indiana
• Control #: IN-USNDC-SSC
• Format: PDF

Description

Order of Deposit and Investment Indiana Order of Deposit and Investment (JODI) is a type of investment offered by the State of Indiana. It provides a safe and secure way for individuals, businesses, and organizations to invest their money and earn a competitive rate of return. JODI is a low-risk investment and is backed by the Full Faith and Credit of the State of Indiana. It is available in both term and demand deposit options, offering investors a range of choices to meet their individual needs. The term option is available in a variety of terms ranging from six months to five years. It pays a competitive rate of interest and is FDIC-insured up to $250,000. The demand option is a non-interest bearing account that provides the flexibility to access funds as needed. Both options are available through most financial institutions in Indiana. There are three main types of JODI investments: JODI Term Deposit, JODI Demand Deposit, and JODI Escrow. The JODI Term Deposit offers an FDIC-insured, competitive rate of return for a specified period of time. The JODI Demand Deposit is a non-interest bearing account with the flexibility to access funds as needed. The JODI Escrow account is a special purpose account used to deposit funds for a specific purpose, such as a court-ordered payment, and is held in trust until the purpose of the account is fulfilled.

Indiana Order of Deposit and Investment (JODI) is a type of investment offered by the State of Indiana. It provides a safe and secure way for individuals, businesses, and organizations to invest their money and earn a competitive rate of return. JODI is a low-risk investment and is backed by the Full Faith and Credit of the State of Indiana. It is available in both term and demand deposit options, offering investors a range of choices to meet their individual needs. The term option is available in a variety of terms ranging from six months to five years. It pays a competitive rate of interest and is FDIC-insured up to $250,000. The demand option is a non-interest bearing account that provides the flexibility to access funds as needed. Both options are available through most financial institutions in Indiana. There are three main types of JODI investments: JODI Term Deposit, JODI Demand Deposit, and JODI Escrow. The JODI Term Deposit offers an FDIC-insured, competitive rate of return for a specified period of time. The JODI Demand Deposit is a non-interest bearing account with the flexibility to access funds as needed. The JODI Escrow account is a special purpose account used to deposit funds for a specific purpose, such as a court-ordered payment, and is held in trust until the purpose of the account is fulfilled.