A computer-implemented method, comprising: (a) maintaining or having maintained or accessing an electronic database, on one or more computer readable media, containing client account information for a plurality of client accounts for a plurality of clients whose funds had been accepted for deposit in the names of the respective clients at a first banking institution that includes a first bank in its infrastructure; (b) maintaining or having maintained or accessing the same or a different electronic database, on one or more computer-readable media, containing aggregated deposit account information for a plurality of Federal Deposit Insurance Corporation (FDIC)-insured and interest-bearing aggregated deposit accounts, held in a plurality of banks of a plurality of banking institutions and including at least one FDIC-insured and interest-bearing aggregated deposit account held at the first bank in the first banking institution, wherein each aggregated deposit account hold funds of a plurality of client accounts, wherein a client account represents funds of a client held in one or more of the aggregated deposit accounts held by the banks, (c) allocating, by one or more computers, for more than one of the client accounts, the client funds from these respective client accounts, among more than one of aggregated deposit accounts, so that at least a portion of these client funds are maintained in the aggregated deposit account in the first bank and at least a portion of the client funds are maintained in an aggregated deposit account held in at least one of the banks in one of the different banking institutions; (d) determining, by the one or more computers, client funds to be withdrawn from the FDIC-insured and interest-bearing aggregated deposit account held at one of the banks of one of the banking institutions more than six (6) times during a month while preserving an insured and interest-bearing status of the FDIC-insured and interest-bearing aggregated deposit account held at the one bank; and (e) updating or having updated, by the one or more computers, the electronic database based on the allocation of client funds to or from the plurality of aggregated deposit accounts. view more

The computer-implemented method as defined in claim 19, further comprising computer-readable instructions that, when executed, allow the one or more computers to receive client data for deposits and/or transfers to and withdrawals and/or transfers from each of their respective client accounts from an Internet telecommunications network. view more

A method for managing funds of a plurality of respective client accounts associated with a plurality of respective clients participating in a program, comprising: maintaining a plurality of FDIC-insured and interest-bearing aggregated deposit accounts, each of the aggregated deposit accounts being interest-bearing, with one or more of the aggregated deposit accounts held in each different one of a plurality of financial institutions in the program; maintaining funds of a plurality of the clients in the plurality of aggregated deposit accounts so that each aggregated deposit account holds funds of a plurality of the clients, with each client account in a subset of the plurality of client accounts having funds in their respective client account over a predetermined amount, with each of the respective client accounts in the subset having funds deposited in a plurality of the aggregated deposit accounts; maintaining or having maintained or accessing by computer an electronic database, on one or more computer-readable media, comprising a respective balance of funds for each of a plurality of the respective client accounts in the subset and information on funds held by each of the plurality of clients of the subset in the plurality of aggregated deposit accounts; receiving electronic client transaction data describing debit and/or credit transactions made by a plurality of clients against their respective client accounts; updating the respective balance of funds in the database associated with each of the respective client accounts in the subset based on one or more debit and/or credit transactions made by the respective client; determining electronically for each of the plurality of the client accounts in the subset of client accounts a respective interest rate from among a plurality of interest rates in an interest-allocation procedure based at least in part on the updated balance of funds associated with the respective client account in the subset; calculating electronically a respective interest for a period to be posted to each of a plurality of respective client accounts in the subset, with the respective interest to be posted to a respective client account determined based on the respective interest rate determined for that respective client account in the subset, with the calculating being independent from the respective client account pro rata share in earnings posted to the plurality of the aggregated deposit accounts holding funds of the respective client account; determining interest earned during the period by each of the plurality of aggregated deposit accounts in the program; and posting electronically the respective interest calculated for each of the plurality of respective client accounts based on the respective interest rate determined for the respective client account. view more

A computer-implemented method for managing funds for a plurality of client accounts for a plurality of clients whose funds were accepted for deposit in respective client accounts held in the names of the respective clients at a first banking institution that includes a first bank in its infrastructure, the method comprising: (a) maintaining a plurality of FDIC-insured and interest-bearing aggregated deposit accounts, each aggregated deposit account held in a different respective bank of a different respective banking institution including an FDIC-insured and interest-bearing aggregated deposit account held at the first bank in the first banking institution; (b) maintaining or having maintained an electronic database, on one or more computer-readable media, containing information on funds held by each client in the plurality of aggregated deposit accounts; (c) administering the aggregated deposit accounts to transfer or have transferred client funds that had been accepted into respective client accounts held in the names of the respective clients at the first banking institution to the aggregated deposit account at the first bank except that for clients with a balance of funds in the aggregated deposit account at the first bank that equal or exceed a specified amount depositing or having deposited additional funds of that client to one of the aggregated deposit accounts in one of the different banks in one of the different banking institutions; (d) withdrawing or having withdrawn client funds from the FDIC-insured and interest-bearing aggregated deposit account held at one of the banks of one of the banking institutions more than six (6) times during a month while preserving an insured and interest-bearing status of the FDIC-insured and interest-bearing aggregated deposit account held at the one bank; and (e) updating or having updated the electronic database based on the transfers to and withdrawals in the plurality of aggregated deposit accounts. view more