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 May 29, 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 May 15, 2020 is 0.17%. 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 May 29, 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 State Street Bank and Trust First Horizon Bank First Horizon 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 State Bank of India - NY Branch First Horizon Bank
6 BancorpSouth Bank Bank of the West Boston Private Bank Boston Private Bank
7 Bank of the West East West Bank The Bank of East Asia, Ltd 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 American Express National Bank 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 WEX Bank Umpqua Bank
12 Manufacturers and Traders Trust BancorpSouth Bank Bank of Baroda U.S. Bank National Association
13 New York Community Bank State Bank of India - NY Branch Bank of China East West Bank
14 Bank of Baroda Manufacturers and Traders Trust Synchrony Bank New York Community Bank
15 The Bank of East Asia, Ltd Capital One (USA), N.A. East West Bank Capital One (USA), N.A.
16 Capital One (USA), N.A. Bank of Baroda Capital One (USA), N.A. State Bank of India - NY Branch
17 WEX Bank The Bank of East Asia, Ltd PNC Bank, N.A. Bank of Baroda
18 Boston Private Bank Cadence Bank, N.A. Bank of the West The Bank of East Asia, Ltd
19 U.S. Bank National Association Wells Fargo Bank, N.A. Cadence Bank, N.A. PNC Bank, N.A.
20 PNC Bank, N.A. PNC Bank, N.A. Wells Fargo Bank, N.A. Wells Fargo Bank, N.A.
21 Cadence Bank, N.A. Umpqua Bank Umpqua Bank WEX Bank
22 Synchrony Bank Synchrony Bank BancorpSouth 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 PNC Bank, N.A. Goldman Sachs Bank U.S. Bank National Association
2 The Bank of East Asia, Ltd State Bank of India - NY Branch New York Community Bank First Horizon Bank
3 State Street Bank and Trust Manufacturers and Traders Trust Boston Private Bank Bank of Baroda
4 Bank of China First Horizon Bank First Horizon Bank State Street Bank and Trust
5 First Horizon Bank Boston Private Bank Bank of China New York Community Bank
6 American Express National Bank U.S. Bank National Association State Bank of India - NY Branch East West Bank
7 Bank of Baroda State Street Bank and Trust The Bank of East Asia, Ltd Wells Fargo Bank, N.A.
8 Umpqua Bank Capital One (USA), N.A. U.S. Bank National Association Boston Private Bank
9 Boston Private Bank Bank of China State Street Bank and Trust Capital One (USA), N.A.
10 U.S. Bank National Association Bank of Baroda American Express National Bank State Bank of India - NY Branch
11 BancorpSouth Bank The Bank of East Asia, Ltd WEX Bank Manufacturers and Traders Trust
12 Cadence Bank, N.A. East West Bank Bank of Baroda Cadence Bank, N.A.
13 East West Bank American Express National Bank Synchrony Bank WEX Bank
14 Capital One (USA), N.A. Cadence Bank, N.A. Manufacturers and Traders Trust Bank of the West
15 State Bank of India - NY Branch Synchrony Bank East West Bank American Express National Bank
16 New York Community Bank Umpqua Bank Capital One (USA), N.A. Goldman Sachs Bank
17 Goldman Sachs Bank WEX Bank PNC Bank, N.A. Synchrony Bank
18 Bank of the West New York Community Bank Bank of the West PNC Bank, N.A.
19 PNC Bank, N.A. Goldman Sachs Bank Cadence Bank, N.A. BancorpSouth Bank
20 WEX Bank BancorpSouth Bank Wells Fargo Bank, N.A. Umpqua Bank
21 Manufacturers and Traders Trust Bank of the West Umpqua Bank  
22 Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. BancorpSouth 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.