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 August 3, 2022
Tier Rate APY
$0–$24,999 0.10% 0.10%
$25,000–$74,999 0.10% 0.10%
$75,000–$99,999 0.10% 0.10%
$100,000–$249,999 0.10% 0.10%
$250,000–$499,999 0.11% 0.11%
$500,000–$1,999,999 0.11% 0.11%
$2,000,000+ 0.33% 0.33%

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 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 August 3, 2022
Examples Blended Rate APY
$8,000 0.10% 0.10%
$45,000 0.10% 0.10%
$75,000 0.10% 0.10%
$200,000 0.10% 0.10%
$400,000 0.10% 0.10%
$750,000 0.10% 0.10%
$1,500,000 0.11% 0.11%
$3,000,000 0.18% 0.18%
$6,000,000 0.25% 0.25%

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:

Current FDIC Insurance Coverage
  • $4.5 million for individual accounts
  • $9.0 million of joint accounts (held by two people) under the same social security number (SSN)
Bank Address
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.