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: 0.88% (As of February 19, 2019)
Monthly per account fee*: $16.63
*Fee anticipated to be paid by financial institutions
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.