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 link below or contact your financial advisor.

 

Bank Deposit Sweep Program Interest Rates as of May 12, 2021

Bank Account Balance RangeInterest RateAPY
$0–$24,9990.01%0.01%
$25,000–$99,9990.01%0.01%
$100,000–$249,9990.01%0.01%
$250,000–$499,9990.01%0.01%
$500,000–$999,9990.01%0.01%
$1,000,000–$1,999,9990.01%0.01%
$2,000,000 or more0.01%0.01%

Advisory Retirement Sweep Program Interest Rates

The interest rate for your Deposit Accounts in the ARSP as of July 9, 2021, is 0.05%. Future interest rates may be obtained from Commonwealth on this page (www.commonwealth.com/for-clients/disclosure/core-account-sweep-programs) or from your financial advisor.

Program Bank List as of May 12, 2021. Please contact your financial advisor or go to www.commonwealth.com for the most current Bank List and other information about the Programs. 

POSITIONRegion 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
1Goldman Sachs BankAmerican Express National BankGoldman Sachs BankManufacturers and Traders Trust
2U.S. Bank National AssociationU.S. Bank National AssociationJPMorgan Chase Bank N.A.JPMorgan Chase Bank N.A.
3JPMorgan Chase Bank N.A.JPMorgan Chase Bank N.A.New York Community BankJPMorgan Chase Bank N.A.
4Bank of ChinaBank of HopeU.S. Bank National AssociationPinnacle Bank
5Pinnacle BankWells Fargo Bank, N.A.Manufacturers and Traders TrustU.S. Bank National Association
6State Street Bank and TrustPinnacle BankBank of ChinaBank of China
7Bank of HopeManufacturers and Traders TrustState Bank of India—NY BranchBank of Hope
8State Bank of India—NY BranchBank of ChinaBank of the WestState Bank of India—NY Branch
9Bank of the WestBank of the WestThe Bank of East Asia, LtdBoston Private Bank
10Umpqua BankEast West BankWells Fargo Bank, N.A.East West Bank
11First Horizon BankState Bank of India—NY BranchEast West BankUmpqua Bank
12Bank of BarodaBoston Private BankFirst Horizon BankBank of the West
13Wells Fargo Bank, N.A.First Horizon BankState Street Bank and TrustWells Fargo Bank, N.A.
14Manufacturers and Traders TrustBank of BarodaBank of BarodaFirst Horizon Bank
15East West BankUmpqua BankBank of HopeThe Bank of East Asia, Ltd
16The Bank of East Asia, LtdState Street Bank and TrustPNC Bank, N.A.Synchrony Bank
17Boston Private BankThe Bank of East Asia, LtdBoston Private BankAmerican Express National Bank
18PNC Bank, N.A.Synchrony BankAmerican Express National BankBancorpSouth Bank
19BancorpSouth BankPNC Bank, N.A.Pinnacle BankCapital One (USA), N.A.
20Capital One (USA), N.A.WEX BankUmpqua BankBank of Baroda
21WEX BankBancorpSouth BankSynchrony BankGoldman Sachs Bank
22Synchrony BankCapital One (USA), N.A.WEX BankNew York Community Bank
23American Express National BankNew York Community BankCapital One (USA), N.A.WEX Bank
24New York Community BankGoldman Sachs BankBancorpSouth BankPNC Bank, N.A.
25First Internet Bank of IndianaFirst Internet Bank of IndianaFirst Internet Bank of IndianaFirst Internet Bank of Indiana
Excess Banks
1U.S. Bank National Association, N.AU.S. Bank National Association, N.AU.S. Bank National Association, N.AU.S. Bank National Association, N.A
2Wells 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.


 

 

 

PositionRegion 5Region 6Region 7Region 8Business
 AL, AR, AZ, KY, LA, MO, OK, TN, TXDC, DE, FL, GA, MD, MS, NC, SCIA, IL, IN, MI, MN, ND, OH, SD, WINJ, PA, VA, WV All Other 
1Synchrony BankPNC Bank, N.A.Goldman Sachs BankU.S. Bank National AssociationBank of the West
2U.S. Bank National AssociationJPMorgan Chase Bank N.A.New York Community BankJPMorgan Chase Bank N.A.JPMorgan Chase Bank N.A.
3The Bank of East Asia, LtdState Bank of India—NY BranchU.S. Bank National AssociationState Bank of India—NY BranchBank of China
4JPMorgan Chase Bank N.A.Bank of the WestJPMorgan Chase Bank N.A.Bank of the WestPNC Bank, N.A.
5Manufacturers and Traders TrustU.S. Bank National AssociationBank of ChinaBank of ChinaWells Fargo Bank, N.A.
6State Street Bank and TrustBank of ChinaWells Fargo Bank, N.A.Bank of BarodaEast West Bank
7First Horizon BankBoston Private BankBank of the WestPinnacle BankFirst Horizon Bank
8Bank of the WestManufacturers and Traders TrustEast West BankCapital One (USA), N.A.Bank of Hope
9Bank of HopeState Street Bank and TrustThe Bank of East Asia, LtdEast West BankState Street Bank and Trust
10Umpqua BankEast West BankPNC Bank, N.A.Wells Fargo Bank, N.A.Bank of Baroda
11Bank of BarodaFirst Horizon BankState Bank of India—NY BranchState Street Bank and TrustSynchrony Bank
12Wells Fargo Bank, N.A.Capital One (USA), N.A.Boston Private BankFirst Horizon BankThe Bank of East Asia, Ltd
13Bank of ChinaWells Fargo Bank, N.A.State Street Bank and TrustManufacturers and Traders TrustState Bank of India—NY Branch
14East West BankPinnacle BankAmerican Express National BankBoston Private BankPinnacle Bank
15State Bank of India—NY BranchBank of BarodaFirst Horizon BankUmpqua BankNew York Community Bank
16Boston Private BankUmpqua BankBank of BarodaBank of HopeWEX Bank
17PNC Bank, N.A.Bank of HopeManufacturers and Traders TrustPNC Bank, N.A.Umpqua Bank
18Capital One (USA), N.A.The East Bank of East Asia, LtdUmpqua BankNew York Community BankBoston Private Bank
19American Express National BankAmerican Express National BankBank of HopeSynchrony BankCapital One (USA), N.A.
20New York Community BankNew York Community BankWEX BankWEX BankBancorpSouth Bank
21Pinnacle BankGoldman Sachs BankPinnacle BankAmerican Express National BankFirst Internet Bank of Indiana
22WEX BankSynchrony BankCapital One (USA), N.A.BancorpSouth Bank 
23Goldman Sachs BankWEX BankSynchrony BankGoldman Sachs Bank 
24BancorpSouth BankBancorpSouth BankBancorpSouth BankThe Bank of East Asia, Ltd 
25First Internet Bank of IndianaFirst Internet Bank of IndianaFirst Internet Bank of IndianaFirst Internet Bank of Indiana 
Excess Bank List
1U.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National Association
2Wells Fargo Bank, N.A.Wells Fargo Bank, N.A.Wells Fargo Bank, N.A.Wells Fargo Bank, N.A.Wells Fargo Bank, NA

 

Eligible Accounts

Eligible Accounts (Cont.)

Ineligible Accounts

Committee (not incorporated)

Trust Under Agreement

Money Purchase Keogh (Premiere Select)

Conservator (estate)

Trust Under Will

Voluntary Money Purchase Keogh (Premiere Select)

Uniform Gifts to Minors Act

Bank

Profit-Sharing Keogh (Premiere Select)

Uniform Transfers to Minors Act

Church

Voluntary Profit-Sharing Keogh (Premiere Select)

Guardian

Corporate

Keogh MP BDA

Individual

Investment Club

Keogh PS BDA

Traditional IRA (Premiere Select)

Professional Association

 

Roth IRA (Premiere Select)

Professional Corporation

 

Rollover IRA (Premiere Select)

Unincorporated Association

 

SEP IRA (Premiere Select)

Limited Liability Corporation

 

SIMPLE IRA (Premiere Select)

Administrator

 

IRA BDA

Executor

 

Roth BDA

Partnership

 

Non-Prototype IRA

 

 

Non-Prototype Retirement Plan
(401(a) plans)

 

 

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)

 

 

 

 

 

 

*Please contact your financial advisor for more information.

Our community is as strong as the communities we live in. See how we make a difference.