The CNote Promise Account is a fully insured product that gives larger investors and institutions a single place to put their cash to work for positive social impact while achieving an attractive return. The Promise Account provides the flexibility of 90-day liquidity and the peace of mind that comes from FDIC and NCUA backing—plus the satisfaction of helping communities around the country thrive.

The Promise Account fills a gap for institutional investors like foundations that want to support financially underserved communities across the country while generating competitive returns on their cash allocations. CNote invests Promise Account dollars in deposit products, such as money market accounts and CDs, from vetted FDIC- and NCUA-insured credit unions and banks. CNote optimizes this basket of products to achieve the highest returns with 90-day liquidity for account holders. Individual accounts are fully insured up to $3 million through FDIC or NCUA.

In line with our mission to drive more resources to undercapitalized communities, CNote deploys Promise Account funds solely with institutions that target positive social impact, focusing on credit unions and banks that serve low-income communities.

To achieve a similar financial and social return without the Promise Account, investors would have to find the right products, research them, and manage multiple accounts to maximize returns and maintain relative liquidity—something few have the bandwidth to do.

When you allocate your cash to the Promise Account CNote spreads your investment across partner CDFI Banks and Low-Income Designated Credit Unions, optimizing for return and impact so you know your cash is earning a competitive return while supporting underserved communities.