5.4.1 Liquidity Priority Order

The liquidity priority order is outlined to allocate insured amounts to depositors who have multiple accounts. This order helps in deciding the priority towards allocating uninsured funds and subsequently the insured funds. Except for jointly owned and revocable trust accounts, for all other ORCs, the uninsured amount is allocated by the Standard Product type and is in the following order:

Table 4-3 Liquidity Priority Order

Priority	Standard Product Type
1	Certificate of deposit
2	Savings account
3	Money market account
4	Negotiable order of withdrawal
5	Demand deposit account

A customer’s account which is a Certificate of deposit carries a higher priority than a Savings account for example and hence uninsured funds for a customer would be allocated such an account first.