Cash Sweep Program Rates
Our Cash Sweep Program pays interest at specific rates based on the tiers below, which yield a blended rate over the entire balance.
Current Interest Rates and Tiers
|As Of May 6, 2020|
The rates published above are effective as of the date stated on the website. When rates change and new rates become effective, we attempt to update them promptly on our website. If you have any questions about rates on a given day, please contact us by email at firstname.lastname@example.org or phone at 1(888) 973-7890.
Rates are variable and may change at any time. Each day, we calculate the interest on your cash and add it to your account monthly. We round the daily interest amount to the nearest $0.01. If your daily interest is less than $0.005, then you may not be paid any interest on that day.
|As Of May 6, 2020|
To help you get the highest interest rate possible, we combine the cash sweep program funds of all your accounts into one large fund. If you have $10,000 in cash in an individual, retirement, and joint account, we invest your money in the sweep as $30,000, rather than three smaller investments of $10,000. This allows you to reach a higher tier and earn more interest.
Cash Sweep Program Banks
Below are the banks that participate in our Cash Sweep Program:
- $4.5 million for individual accounts
- $9.0 million of joint accounts (held by two people) under the same social security number (SSN)
|Androscoggin Savings Bank||30 Lisbon St.
Lewiston, ME 04240
|BankUnited, N.A||623 5th Avenue
New York, NY 10022
|Chain Bridge Bank||1445-A Laughlin Avenue
McLean, VA 22101
|Citibank||399 Park Avenue
New York, NY 10001
|The Columbia Bank||7505 Greenway Center Drive #201
Greenbelt, MD 20770
|Eagle Bank||7815 Woodmont Ave.
Bethesda, MD 20814
|First National Bank of Pennsylvania||One North Shore Center
Pittsburgh, PA 15212
|Independent Bank||3090 Craig Drive
McKinney, TX 75070
|Israel Discount Bank||511 Fifth Ave
New York, NY 10017
|Malvern Federal Savings Bank||421 East Lancaster Avenue
Paoli, PA 19301
|Merrick Bank||10705 S Jordan Gateway, Suite 200
South Jordan, UT 84095
|Old Line Bank||1525 Pointer Ridge Place
Bowie, MD 20716
|Revere Bank||319 Main Street
Laurel, MD 20707
|Seaside National Bank & Trust||201 South Orange Avenue
Orlando, FL 32801
|Simmons First National Bank||425 W. Capitol Avenue, 14th Floor
Little Rock, AR 72201
|Texas Capital Bank||2350 Lakeside Blvd, Suite 800
Richardson, TX 75082
|Truxton Trust Company||4525 Harding Rd., Suite 300
Nashville, TN 37205
|Western Alliance Bank||One East Washington Street
Phoenix, AZ 85004
In addition to the Cash Sweep Program Banks your funds can be held by us directly as part of the Cash Sweep Program. When we hold your funds they are insured by SIPC (subject to SIPC limitations) and supplemental insurance protections.