IEEE Concentration Banking Program

**Attention IEEE Concentration Banking Participants**

The Current Rate on USD Concentration Banking Accounts Is...

.32%

The Current Rate on CAD Concentration Banking Accounts Is...

.31%

USD Rate is reset monthly based on the Six Month CD rate.

CAD Rate is reset monthly based on the Six Month T-Bill rate.

Current rate effective 1 October through 31 October 2009.

What is the IEEE Concentration Banking Program?

The IEEE Concentration Banking Program offers all Geographic Units, Conferences and Standards Developing Committees a bank account with unlimited check writing privileges, paying a higher rate of interest than traditional business checking accounts. The account works just like a normal checking account. You make deposits, write checks and earn interest on the daily ending balance for the benefit of your IEEE Unit or Group.

The type of IEEE Concentration Banking account you have will be determined by the location of your IEEE Operating Unit.

Regions 1 through 6 and Conferences: U.S. Dollar account - Information & FAQ's (PDF, 38.5 KB)
Region 7 and Conferences: Canadian Dollar account - Information & FAQ's (PDF, 37.5 KB)
Regions 8 through 10: U.S. Dollar Custody account - Information & FAQ's (PDF, 37.5 KB)

A Concentration Banking (CB) Card is available for all IEEE Concentration Banking accounts. The CB Card (PDF, 526 KB) is a MasterCard credit card with debit features and can be used internationally wherever MasterCard is accepted.

IEEE Concentration Banking account statements and cancelled checks can be viewed online via the Concentration Banking Reporting System (CBRS) website. Because monthly statements are no longer mailed, Treasurers will receive e-mail notification each month when the statements have been finalized and are available for viewing.

Access Your Account

For more information:

IEEE Concentration Banking Program

Email: concentration-banking@ieee.org
Phone: +1.732.562.5363

CB Card Program

Email: cbcard@ieee.org
Phone: +1.732.465.5802