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
*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
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.