Disclosure: CORE ACCOUNT SWEEP PROGRAMS

Additions to cash balances awaiting reinvestment within clients' eligible brokerage accounts are automatically swept into Commonwealth's Core Account Sweep Programs providing Federal Deposit Insurance Corporation (FDIC) insurance. For more information, please review the links below or contact your financial advisor.

Bank Deposit Sweep Program Interest Rates as of March 23, 2020

BANK ACCOUNT BALANCE RANGE
INTEREST RATE
APY
$0-$24,999 0.01% 0.01%
$25,000-$99,999 0.01% 0.01%
$100,000-$249,999 0.01% 0.01%
$250,000-$499,999 0.01% 0.01%
$500,000-$999,999 0.01% 0.01%
$1,000,000-$1,999,999 0.01% 0.01%
$2,000,000 or more 0.01% 0.01%

Advisory Retirement Sweep Program Interest Rates
The interest rate for your Deposit Accounts in the ARSP as of March 27, 2020, is 0.25%. Future interest rates may be obtained from Commonwealth at www.commonwealth.com/clients/deposit-sweep-program.aspx or from your financial advisor.


Program Bank List as of March 23, 2020

POSITION
Region 1
MA, ME, NH, RI, VT
Region 2
CT, NY
Region 3
AK, CO, HI, ID, KS, MT, NE, NM, NV, OR, UT, WA, WY
Region 4
CA
1 Goldman Sachs Bank American Express National Bank Goldman Sachs Bank Manufacturers and Traders Trust
2 Bank of China Bank of China First Horizon Bank State Street Bank and Trust
3 State Street Bank and Trust First Horizon Bank New York Community Bank Bank of China
4 First Horizon Bank Boston Private Bank Manufacturers and Traders Trust BancorpSouth Bank
5 State Bank of India - NY Branch State Street Bank and Trust East West Bank First Horizon Bank
6 BancorpSouth Bank Bank of the West Boston Private Bank Boston Private Bank
7 Bank of the West East West Bank Bank of China American Express National Bank
8 Umpqua Bank Goldman Sachs Bank Goldman Sachs Bank Bank of the West
9 American Express National Bank New York Community Bank Bank of the West Cadence Bank, N.A.
10 Wells Fargo Bank, N.A. U.S. Bank National Association U.S. Bank National Association Bank of the West
11 East West Bank WEX Bank Bank of Baroda Umpqua Bank
12 Manufacturers and Traders Trust BancorpSouth Bank Capital One (USA), N.A. U.S. Bank National Association
13 New York Community Bank State Bank of India - NY Branch Bank of Baroda East West Bank
14 Bank of Baroda Manufacturers and Traders Trust Wells Fargo Bank, N.A. New York Community Bank
15 The Bank of East Asia, Ltd Capital One (USA), N.A. WEX Bank Capital One (USA), N.A.
16 Capital One (USA), N.A. Bank of Baroda The Bank of East Asia, Ltd State Bank of India - NY Branch
17 WEX Bank The Bank of East Asia, Ltd State Bank of India - NY Branch Bank of Baroda
18 Boston Private Bank Cadence Bank, N.A. Cadence Bank, N.A. The Bank of East Asia, Ltd
19 U.S. Bank National Association Wells Fargo Bank, N.A. BancorpSouth Bank Wells Fargo Bank, N.A.
20 Cadence Bank, N.A. Umpqua Bank Synchrony Bank WEX Bank
21 Synchrony Bank Synchrony Bank Umpqua Bank Synchrony Bank
Excess Banks
1 U.S. Bank National Association, N.A U.S. Bank National Association, N.A U.S. Bank National Association, N.A U.S. Bank National Association, N.A
2 Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
Please note: A client's state of residence determines his or her priority list.

 

POSITION
REGION 5
AL, AR, AZ, KY, LA, MO, OK, TX, TN
REGION 6
DC, DE, FL, GA, MD, MS, NC, SC
REGION 7
IA, IL, IN, MI, MN, ND, OH, SD, WI
REGION 8
NJ, PA, VA, WV, OTHERS
1 Synchrony Bank Bank of the West Goldman Sachs Bank U.S. Bank National Association
2 The Bank of East Asia, Ltd First Horizon Bank First Horizon Bank First Horizon Bank
3 State Street Bank and Trust Manufacturers and Traders Trust Boston Private Bank Bank of Baroda
4 Bank of China Boston Private Bank Bank of China State Street Bank and Trust
5 First Horizon Bank Bank of China Manufacturers and Traders Trust New York Community Bank
6 American Express National Bank New York Community Bank New York Community Bank East West Bank
7 Bank of Baroda State Street Bank and Trust Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
8 Umpqua Bank East West Bank WEX Bank Boston Private Bank
9 Boston Private Bank Wells Fargo Bank, N.A. State Street Bank and Trust Capital One (USA), N.A.
10 U.S. Bank National Association Bank of Baroda East West Bank State Bank of India - NY Branch
11 BancorpSouth Bank The Bank of East Asia, Ltd U.S. Bank National Association Manufacturers and Traders Trust
12 Cadence Bank, N.A. U.S. Bank National Association American Express National Bank Cadence Bank, N.A.
13 East West Bank American Express National Bank Bank of the West WEX Bank
14 Capital One (USA), N.A. Capital One (USA), N.A. Capital One (USA), N.A. Bank of the West
15 State Bank of India - NY Branch State Bank of India - NY Branch The Bank of East Asia, Ltd American Express National Bank
16 New York Community Bank Cadence Bank, N.A. State Bank of India - NY Branch Goldman Sachs Bank
17 Goldman Sachs Bank WEX Bank Bank of Baroda Synchrony Bank
18 Bank of the West Goldman Sachs Bank Cadence Bank, N.A. BankcorpSouth Bank
19 WEX Bank Synchrony Bank Synchorny Bank Umpqua Bank
20 Manufacturers and Traders Trust BancorpSouth Bank BancorpSouth Bank  
21 Wells Fargo Bank, N.A. Umpqua Bank Umpqua Bank  
Excess Banks
1 U.S. Bank National Association, N.A U.S. Bank National Association, N.A U.S. Bank National Association, N.A U.S. Bank National Association, N.A
2 Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
Please note: A client's state of residence determines his or her priority list.


Eligible Accounts

Committee (not incorporated)
Conservator (estate)
Uniform Gifts to Minors Act
Uniform Transfers to Minors Act
Guardian
Individual
Traditional IRA (Premiere Select)
Roth IRA (Premiere Select)
Rollover IRA (Premiere Select)
SEP-IRA (Premiere Select)
SIMPLE-IRA (Premiere Select)
Non-Prototype IRA
Sole Proprietorship (not incorporated)
Joint Community Property
Joint Tenants in Common
Joint Tenants in Entirety
Joint Usufruct
Joint with Rights of Survivorship
Person Representative
Transfer on Death (Individual)
Transfer on Death (Joint tenants)
Transfer on Death (Joint entity)


Ineligible Accounts

Bank
Church
Corporate
Investment Club
Professional Association
Professional Corporation
Unincorporated Association
Limited Liability Corporation
Money Purchase Keogh (Premiere Select)
Voluntary Money Purchase Keogh (Premiere Select)
Profit-Sharing Keogh (Premiere Select)
Voluntary Money Purchase Keogh (Premiere Select)
Voluntary Profit-Sharing Keogh (Premiere Select)
Keogh MP BDA
Keogh PS BDA
Administrator
Executor
Partnership


Conditionally Eligible Accounts*

Non-Prototype Retirement Plan
(401(a) plans)
IRA BDA
Roth BDA
Trust Under Agreement
Trust Under Will


*Please contact your financial advisor for more information.