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 September 7, 2022.

Bank Account Balance RangeInterest RateAPY
$0–$24,9990.30%0.30%
$25,000–$99,9990.35%0.35%
$100,000–$249,9990.40%0.40%
$250,000–$499,9990.40%0.40%
$500,000–$999,9990.45%0.45%
$1,000,000–$1,999,9990.50%0.50%
$2,000,000 or more0.55%0.55%

Advisory Retirement Sweep Program Interest Rates

The interest rate for your Deposit Accounts in the ARSP as of September 22, 2022, is 0.40%. The most current interest rates may be obtained from Commonwealth on this page or from your financial advisor.

Program Bank List as of September 7, 2022. 

PositionRegion 1Region 2Region 3Region 4
 MA, ME, NH, RI, VTCT, NYAK, CO, HI, ID, KS, MT, NE, NM, NV, OR, UT, WA, WYCA
1Goldman Sachs BankAmerican Express National BankGoldman Sachs BankGoldman Sachs Bank
2U.S. Bank National AssociationCitibank, N.A.JPMorgan Chase Bank, N.A.JPMorgan Chase Bank, N.A.
3The Bank of East Asia, LtdU.S. Bank National AssociationDeutsche Bank Trust Company AmericasCitibank, N.A.
4Deutsche Bank Trust Company AmericasDeutsche Bank Trust Company AmericasCitibank, N.A.Deutsche Bank Trust Company Americas
5JPMorgan Chase Bank, N.A.JPMorgan Chase Bank, N.A.New York Community BankU.S. Bank National Association
6Pinnacle BankPinnacle BankU.S. Bank National AssociationAmerican Express National Bank
7Citibank, N.A.Bank of HopeAmerican Express National BankState Street Bank and Trust Co
8Bank of HopeSynchrony BankSynchrony BankPinnacle Bank
9American Express National BankBank of ChinaPinnacle BankSynchrony Bank
10Synchrony BankPNC Bank, N.A.Manufacturers and Traders TrustBank of Hope
11Bank of ChinaNew York Community BankPNC Bank, N.A.PNC Bank, N.A.
12PNC Bank, N.A.State Bank
of India – NY Branch
Bank of ChinaBank of China
13State Bank
of India – NY Branch
East West BankState Bank
of India – NY Branch
The Bank of East Asia, Ltd
14Bank of BarodaBank of BarodaThe Bank of East Asia, LtdState Bank
of India – NY Branch
15State Street Bank and Trust Co.Bank of the WestBank of HopeUmpqua Bank
16New York Community BankManufacturers and Traders TrustBank of BarodaManufacturers and Traders Trust
17Bank of the WestUmpqua BankBank of the WestFirst Horizon Bank
18East West BankGoldman Sachs BankEast West BankEast West Bank
19Umpqua BankThe Bank of East Asia, LtdState Street Bank and Trust CoBank of the West
20Capital One (USA), N.A.State Street Bank and Trust CoUmpqua BankBank of Baroda
21First Horizon BankFirst Internet Bank of IndianaFirst Internet Bank of IndianaCapital One (USA), N.A.
22First Internet Bank of IndianaCapital One (USA), N.A.WEX BankFirst Internet Bank of Indiana
23WEX BankWEX BankFirst Horizon BankWells Fargo Bank, N.A.
24Manufacturers and Traders TrustFirst Horizon BankCapital One (USA), N.A.New York Community Bank
25Cadence Bank, N.A.Cadence Bank, N.A.Wells Fargo Bank, N.A.Cadence Bank, N.A.
26Wells Fargo Bank, N.A.Wells Fargo Bank, N.A.Cadence Bank, N.A.WEX Bank
27SouthEast BankSouthEast BankSouthEast BankSouthEast Bank
Excess Bank List
1U.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National Association
2Citibank, N.A.Citibank, N.A.Citibank, N.A.Citibank, 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 BankGoldman Sachs BankBank of the West
2American Express National BankU.S. Bank National AssociationU.S. Bank National AssociationCitibank, N.A.JPMorgan Chase Bank, N.A.
3Citibank, N.A.The Bank of East Asia, LtdNew York Community BankU.S. Bank National AssociationCitibank, N.A.
4Pinnacle BankAmerican Express National BankJPMorgan Chase Bank, N.A.State Bank
of India – NY Branch
U.S. Bank National Association
5Deutsche Bank Trust Company AmericasPinnacle BankDeutsche Bank Trust Company AmericasBank of BarodaSynchrony Bank
6U.S. Bank National AssociationCitibank, N.A.Citibank, N.A.American Express National BankPinnacle Bank
7Bank of HopeDeutsche Bank Trust Company AmericasAmerican Express National BankBank of HopeBank of Hope
8The Bank of East Asia, LtdJPMorgan Chase Bank, N.A.Synchrony BankNew York Community BankEast West Bank
9New York Community BankState Bank of India - NY BranchPinnacle BankSynchrony BankDeutsche Bank Trust Company Americas
10Bank of ChinaSynchrony BankBank of BarodaPinnacle BankBank of China
11JPMorgan Chase Bank, N.A.Bank of ChinaBank of ChinaDeutsche Bank Trust Company AmericasFirst Horizon Bank
12PNC Bank, N.A.New York Community BankPNC Bank, N.A.Bank of ChinaPNC Bank, N.A.
13State Street Bank and Trust CoBank of the WestEast West BankJPMorgan Chase Bank, N.A.Bank of Baroda
14Bank of BarodaBank of BarodaBank of the WestPNC Bank, N.A.New York Community Bank
15Manufacturers and Traders TrustBank of HopeThe Bank of East Asia, LtdCapital One (USA), N.A.First Internet Bank of Indiana
16Goldman Sachs BankEast West BankState Bank of India - NY BranchBank of the WestState Street Bank and Trust Co
17State Bank of India - NY BranchCapital One (USA), N.A.Bank of HopeThe Bank of East Asia, LtdThe Bank of East Asia, Ltd
18Capital One (USA), N.A.State Street Bank and Trust CoFirst Internet Bank of IndianaUmpqua BankState Bank of India - NY Branch
19First Horizon BankFirst Horizon BankManufacturers and Traders TrustEast West BankWEX Bank
20Umpqua BankWells Fargo Bank, N.A.State Street Bank and Trust CoFirst Horizon BankWells Fargo Bank, N.A.
21Bank of the WestWEX BankUmpqua BankWells Fargo Bank, N.A.Umpqua Bank
22First Internet Bank of IndianaGoldman Sachs BankFirst Horizon BankState Street Bank and Trust CoCapital One (USA), N.A.
23East West BankManufacturers and Traders TrustCapital One (USA), N.A.Manufacturers and Traders TrustCadence Bank, N.A.
24WEX BankUmpqua BankWells Fargo Bank, N.A.WEX BankSouthEast Bank
25Cadence Bank, N.A.First Internet Bank of IndianaWEX BankCadence Bank, N.A. 
26Wells Fargo Bank, N.A.Cadence Bank, N.A.Cadence Bank, N.A.First Internet Bank of Indiana 
27SouthEast BankSouthEast BankSouthEast BankSouthEast Bank 
Excess Bank List
1U.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National Association
2Citibank, N.A.Citibank, N.A.Citibank, N.A.Citibank, N.A.Citibank, N.A.

 

 

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.

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