Insured Deposit Sweep Account

The Insured Deposit Sweep Account is an excellent complement to your investment account with First Allied. It allows you to protect your cash balances while still linking your FDIC-insured holdings with your investment account for more control and simplified management of your money. Select Insured Deposit Sweep Account as your sweep option, and available cash balances will be deposited into an interest-bearing, FDIC-insured deposit account at one or more financial institutions.

INTEREST RATE: 0.67% (As of November 16, 2018)

Monthly per account fee*: $14.88

*Fee anticipated to be paid by financial institutions

Insured Deposit Sweep Account Disclosure Statement*

*Published: October 1, 2018

We are updating the terms and conditions of the Insured Deposit Sweep Account. If you have an Insured Deposit Sweep Account that was opened prior to October 1, 2018, this update will take effect on November 16, 2018. A notice summarizing this update was sent to current participants in our Cash Sweep Program. To see all updates, please read the Insured Deposit Sweep Account Disclosure Statement.

LIST OF PARTICIPATING FINANCIAL INSTITUTIONS

  1. Androscoggin Bank, Lewiston, ME
  2. Associated Bank, Green Bay, WI
  3. Branch Bank & Trust, Lumberton, NC
  4. Citibank NA, New York, NY
  5. Compass Bank, Birmingham, AL
  6. East West Bank, Pasadena, CA
  7. Evolve Bank & Trust, Memphis, TN
  8. Farmers and Merchants, Milford, NE
  9. First Guaranty Bank, Hammond, LA
  10. Glacier Bank, Kalispell, MT
  11. Israel Discount Bank, New York, NY
  1. Morris Bank, Dublin, GA
  2. NY Community Bank, Cranford, NJ
  3. Quontic Bank, Astoria, NY
  4. Seaside National Bank, Orlando, FL
  5. Simmons First Bank, Little Rock, AR
  6. Texas Capital Bank, Dallas, Texas
  7. Third Coast Bank SSB, Humble, TX
  8. Tristate Capital Bank, Pittsburgh, PA
  9. United Bank, Glastonbury, CT
  10. Valley National Bank, Wayne, NJ
  11. WEX Bank, Midvale, UT


INTERMEDIARY BANK
First National Bank of Omaha

You may exclude any financial institution listed above from holding funds through the Insured Deposit Sweep Account by contacting your financial advisor.