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Cash Investment Center: Rates and Tiers

Cash Sweep

Cash sweep program pays interest at specific rates based on the tiers below, which yields a blended rate over the entire balance.

October November
Tier Rate APY Rate APY
$0–$24,999 0.21% 0.21% 0.21% 0.21%
$25,000–$49,999 0.31% 0.31% 0.31% 0.31%
$50,000–$99,999 0.52% 0.52% 0.52% 0.52%
$100,000–$249,999 0.72% 0.72% 0.72% 0.72%
$250,000–$499,999 0.93% 0.93% 0.93% 0.93%
$500,000–$1,999,999 1.13% 1.14% 1.13% 1.14%
$2,000,000+ 1.34% 1.35% 1.34% 1.35%
October November
Examples Blended Rate APY Blended Rate APY
$8,000 0.21% 0.21% 0.21% 0.21%
$45,000 0.25% 0.25% 0.25% 0.25%
$75,000 0.27% 0.28% 0.27% 0.28%
$200,000 0.53% 0.53% 0.53% 0.53%
$400,000 0.70% 0.70% 0.70% 0.70%
$750,000 0.88% 0.88% 0.88% 0.88%
$1,500,000 1.00% 1.01% 1.00% 1.01%
$3,000,000 1.14% 1.14% 1.14% 1.14%
$6,000,000 1.24% 1.25% 1.24% 1.25%

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.

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.

FDIC.PLUS

An FDIC-insured enhanced-yield deposit designed to provide income on larger cash deposits, safety of capital and next-day access to funds.

October November
Amount Invested Rate APY Rate APY
$0-$24,999 0.00% 0.00% 0.00% 0.00%
$25,000-$49,999 0.62% 0.62% 0.62% 0.62%
$50,000-$99,999 0.93% 0.93% 0.93% 0.93%
$100,000-$249,999 1.24% 1.24% 1.24% 1.24%
$250,000-$499,999 1.55% 1.56% 1.55% 1.56%
$500,000-$999,999 1.75% 1.77% 1.75% 1.77%
$1,000,000+ 1.75% 1.77% 1.75% 1.77%

Interest rates are based on how much cash you invest in FDIC.PLUS. 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.

Important Notes

  • Within a single account, you must have at least $25,000 in FDIC.PLUS to earn interest. If you invest $15,000 in your individual account and $10,000 in your IRA account, neither account earns interest. As another example, if you invest $15,000 in your individual account and $30,000 in your IRA, only your IRA earns interest.
  • As long as the minimum balance is met and maintained, interest is earned from “dollar one” of the deposit at the applicable rate on the entire balance in the FDIC.PLUS investment.
  • Balances deposited in FDIC.PLUS in one account are not aggregated with balances deposited in FDIC.PLUS in any other account for purposes of calculating or earning interest. For example, if $15,000 is deposited in FDIC.PLUS in an IRA account and $15,000 is deposited in FDIC.PLUS in an individual account, even under the same taxpayer ID or membership, neither FDIC.PLUS deposit in either account will earn any interest. As another example, if $15,000 is deposited in FDIC.PLUS in an IRA account and $30,000 is deposited in FDIC.PLUS in an individual account under the same taxpayer ID, only the FDIC.PLUS deposited in the individual account will earn interest, and it will earn interest payable on a balance of $30,000 (not $45,000).
  • FDIC.PLUS deposits can be made only in Non-Folio Holdings in each account, and amounts deposited in any one account are not aggregated for rate purposes with amounts, including amounts deposited as FDIC.PLUS, in any other account. In addition, unlike our automatic Sweep mechanism, you must choose to make a FDIC.PLUS deposit (buy it like a security with the ticker FDIC.PLUS)—we do not do it automatically for you.
  • We do not charge any fees to deposit or withdraw cash from FDIC.PLUS.

FDIC.CASH

The FDIC.CASH deposit earns interest at a flat rate on the applicable balance.

October November
Rate APY Rate APY
0.27% 0.27% 0.27% 0.27%

Important Notes — FDIC-CASH

  • The above interest rate and annual percentage yield are effective currently and subject to change at any time.
  • There is no minimum to earn interest.
  • This is a variable rate account so rates are subject to change after the account is open.
  • Each day, interest is calculated on the applicable balance. The daily interest amount is rounded to the nearest nearest $0.01. If your daily interest is less than $0.005, then you may not be paid any interest on that day.
  • Balances in FDIC.CASH are not aggregated with any other insured deposit options for the purposes of determining interest rates.