Diversified Fund: ISJIT’s Diversified Fund provides complete daily liquidity, pays a variable rate of interest and is the most popular investment alternative. Investments are limited to the highest quality available and are specifically tailored to Iowa’s public funds statutory authorizations. Funds may be transferred in or out of ISJIT accounts as frequently as desired without cost. In addition, each participant may open as many ISJIT accounts as necessary to complement your local bank account structures.

Electronic Funds Transfer: The state of Iowa allows school districts to electronically receive distributions of foundation aid, Phase payments and any other state distribution of revenue via electronic funds transfer (EFT). Many ISJIT participants take advantage of this unique program service by having the state automatically deposit monthly payments directly into their ISJIT account, ensuring that payments are invested as quickly as possible. ISJIT notifies each participant by fax when funds are received. All directly deposited funds maintain complete daily liquidity until withdrawn.

Fixed Term Automated (FTA) Program: ISJIT’s Fixed Term Automated (FTA) program allows participants to lock in an interest rate for a specific period of time. Allowable securities under the program are in compliance with Iowa State Code Section 12B. 10. Investments purchased through the FTA Program will bear fixed rates of interest and will have a fixed maturity date.