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 July 1, 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 July 10, 2020, is 0.19%. 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 July 1, 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 New York Community Bank State Street Bank and Trust
3 Pinnacle Bank Bank of Hope First Horizon Bank Pinnacle Bank
4 State Street Bank and Trust Manufacturers and Traders Trust Manufacturers and Traders Trust Bank of Hope
5 State Bank of India - NY Branch Pinnacle Bank State Bank of India - NY Branch Bank of China
6 Bank of Hope State Bank of India - NY Branch Boston Private Bank Boston Private Bank
7 Manufacturers and Traders Trust U.S. Bank National Association The Bank of East Asia, Ltd State Bank of India - NY Branch
8 Bank of Baroda Boston Private Bank State Street Bank and Trust Synchrony Bank
9 The Bank of East Asia, Ltd State Street Bank and Trust American Express National Bank The Bank of East Asia, Ltd
10 Umpqua Bank Synchrony Bank U.S. Bank National Association American Express National Bank
11 Boston Private Bank Bank of Baroda WEX Bank Umpqua Bank
12 U.S. Bank National Association The Bank of East Asia, Ltd Bank of Baroda U.S. Bank National Association
13 American Express National Bank East West Bank Bank of China East West Bank
14 BancorpSouth Bank WEX Bank Synchrony Bank BancorpSouth Bank
15 WEX Bank Umpqua Bank East West Bank Goldman Sachs Bank
16 Synchrony Bank Goldman Sachs Bank Capital One (USA), N.A. Bank of Baroda
17 East West Bank New York Community Bank Bank of the West WEX Bank
18 PNC Bank, N.A. BancorpSouth Bank Pinnacle Bank New York Community Bank
19 New York Community Bank PNC Bank, N.A. Bank of Hope PNC Bank, N.A.
20 Capital One (USA), N.A. Capital One (USA), N.A. Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
21 Wells Fargo Bank, N.A. Bank of the West Umpqua Bank Bank of the West
22 First Horizon Bank Wells Fargo Bank, N.A. BancorpSouth Bank Capital One (USA), N.A.
23 Bank of the West First Horizon Bank PNC Bank, N.A. First Horizon 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 PNC Bank, N.A. Goldman Sachs Bank U.S. Bank National Association
2 Bank of China State Bank of India - NY Branch New York Community Bank Capital One (USA), N.A.
3 The Bank of East Asia, Ltd Manufacturers and Traders Trust Boston Private Bank State Bank of India - NY Branch
4 U.S. Bank National Association First Horizon Bank First Horizon Bank First Horizon Bank
5 Manufacturers and Traders Trust Boston Private Bank Bank of China Bank of Baroda
6 State Street Bank and Trust U.S. Bank National Association State Bank of India - NY Branch Pinnacle Bank
7 State Bank of India - NY Branch State Street Bank and Trust The Bank of East Asia, Ltd State Street Bank and Trust
8 Capital One (USA), N.A. Capital One (USA), N.A. U.S. Bank National Association Manufacturers and Traders Trust
9 First Horizon Bank Bank of China State Street Bank and Trust East West Bank
10 Bank of Baroda Bank of Baroda American Express National Bank Boston Private Bank
11 Boston Private Bank The Bank of East Asia, Ltd WEX Bank New York Community Bank
12 American Express National Bank East West Bank Bank of Baroda WEX Bank
13 Umpqua Bank American Express National Bank Synchrony Bank Bank of the West
14 Bank of Hope Pinnacle Bank Manufacturers and Traders Trust American Express National Bank
15 East West Bank Synchrony Bank East West Bank Synchrony Bank
16 Bank of the West Umpqua Bank Capital One (USA), N.A. Bank of Hope
17 Wells Fargo Bank, N.A. Bank of Hope PNC Bank, N.A. Umpqua Bank
18 WEX Bank WEX Bank Bank of the West PNC Bank, N.A.
19 Pinnacle Bank New York Community Bank Bank of Hope Goldman Sachs Bank
20 PNC Bank, N.A. Goldman Sachs Bank Pinnacle Bank Wells Fargo Bank, N.A.
21 New York Community Bank BancorpSouth Bank Umpqua Bank BancorpSouth Bank
22 Goldman Sachs Bank Bank of the West BancorpSouth Bank  
22 BancorpSouth Bank Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.  
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.