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 August 1, 2025.

Bank Account Balance RangeInterest RateAPY
$0–$24,9990.25%0.25%
$25,000–$99,9990.30%0.30%
$100,000–$249,9990.35%0.35%
$250,000–$499,9990.45%0.45%
$500,000–$999,9990.75%0.75%
$1,000,000–$1,999,9991.50%1.51%
$2,000,000 or more2.00%2.01%

Advisory Retirement Sweep Program Interest Rates

The interest rate for your Deposit Accounts in the ARSP as of August 1, 2025 is 0.55%. The most current interest rates may be obtained from Commonwealth on this page or from your financial advisor.

Fees Retained by Commonwealth

Commonwealth's fees for its CASP services are based on factors that include the Federal Funds Effective Rate. For more information about Commonwealth's fees, refer to the section of the above referenced CASP Disclosure Document titled "Benefits to Commonwealth and Others".

Federal Funds Effective Rate

The federal funds rate as of May 2, 2025, is 4.33%.

Program Bank List as of July 21, 2025. 

Please note: A client's state of residence determines their priority list.

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 Bank USAAmerican Express National BankGoldman Sachs Bank USAGoldman Sachs Bank USA
2U.S. Bank National AssociationU.S. Bank National AssociationWells Fargo Bank, National AssociationAmerican Express National Bank
3American Express National BankUBS Bank USAUBS Bank USAU.S. Bank National Association
4UBS Bank USAGoldman Sachs Bank USAU.S. Bank National AssociationUBS Bank USA
5JPMorgan Chase Bank, National AssociationJPMorgan Chase Bank, National AssociationJPMorgan Chase Bank, National AssociationJPMorgan Chase Bank, National Association
6Synchrony BankDeutsche Bank Trust Company AmericasDeutsche Bank Trust Company AmericasState Street Bank and Trust Company
7Deutsche Bank Trust Company AmericasThe Huntington National BankAmerican Express National BankDeutsche Bank Trust Company Americas
8Barclays Bank DelawareBarclays Bank DelawareSynchrony BankManufacturers and Traders Trust Company
9The Bank of East Asia Ltd.Capital One, National AssociationBarclays Bank DelawareSynchrony Bank
10State Bank of IndiaSynchrony BankState Street Bank and Trust CompanyBarclays Bank Delaware
11The Huntington National BankBank of ChinaManufacturers and Traders Trust CompanyCapital One, National Association
12Capital One, National AssociationState Bank of India - NY BranchBMO Bank National AssociationBank of China
13Bank of ChinaManufacturers and Traders Trust CompanyThe Bank of East Asia Ltd.PNC Bank, National Association
14State Street Bank and Trust CompanyEast West BankState Bank of IndiaBank of Baroda
15PNC Bank, National AssociationBank of BarodaBank of ChinaState Bank of India - NY Branch
16Bank of BarodaThe Bank of East Asia Ltd.PNC Bank, National AssociationThe Huntington National Bank
17East West BankWells Fargo Bank, National AssociationThe Huntington National BankBMO Bank National Association
18BMO Bank National AssociationState Street Bank and Trust CompanyCapital One, National AssociationWells Fargo Bank, National Association
19First Horizon BankPNC Bank, National AssociationFirst Horizon BankThe Bank of East Asia Ltd.
20Wells Fargo Bank, National AssociationBMO Bank National AssociationCadence BankFirst Horizon Bank
21Manufacturers and Traders Trust CompanyFirst Horizon BankBank of BarodaCadence Bank
22Cadence BankCadence BankEast West BankEast West Bank
23Citibank, National AssociationCitibank, National AssociationCitibank, National AssociationCitibank, National Association
Excess Bank List
1U.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National Association
2Citibank, National AssociationCitibank, National AssociationCitibank, National AssociationCitibank, National Association

 

 

 

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 BankGoldman Sachs Bank USAGoldman Sachs Bank USAWells Fargo Bank, National AssociationWells Fargo Bank, National Association
2Goldman Sachs Bank USAU.S. Bank National AssociationUBS Bank USAGoldman Sachs Bank USAU.S. Bank National Association
3American Express National BankUBS Bank USAU.S. Bank National AssociationUBS Bank USASynchrony Bank
4U.S. Bank National AssociationPNC Bank, National AssociationSynchrony BankSynchrony BankJPMorgan Chase Bank, National Association
5Wells Fargo Bank, National AssociationAmerican Express National BankJPMorgan Chase Bank, National AssociationDeutsche Bank Trust Company AmericasBarclays Bank Delaware
6UBS Bank USAJPMorgan Chase Bank, National AssociationCapital One, National AssociationU.S. Bank National AssociationState Bank of India NY Branch
7Capital One, National AssociationManufacturers and Traders Trust CompanyPNC Bank, National AssociationJPMorgan Chase Bank, National AssociationCapital One, National Association
8Manufacturers and Traders Trust CompanySynchrony BankDeutsche Bank Trust Company AmericasAmerican Express National BankPNC Bank, National Association
9State Bank of India NY BranchState Bank of IndiaManufacturers and Traders Trust CompanyManufacturers and Traders Trust CompanyFirst Horizon Bank
10JPMorgan Chase Bank, National AssociationThe Bank of East Asia Ltd.Wells Fargo Bank, National AssociationState Bank of IndiaBank of China
11Deutsche Bank Trust Company AmericasDeutsche Bank Trust Company AmericasBank of the WestCapital One, National AssociationBank of Baroda
12The Bank of East Asia Ltd.Wells Fargo Bank, National AssociationBarclays Bank DelawareState Street Bank and Trust CompanyState Street Bank and Trust Company
13Barclays Bank DelawareBMO Bank National AssociationAmerican Express National BankThe Bank of East Asia Ltd.East West Bank
14State Street Bank and Trust CompanyThe Huntington National BankBank of BarodaBank of ChinaBMO Bank National Association
15The Huntington National BankCadence BankBank of ChinaThe Huntington National BankThe Bank of East Asia Ltd.
16Bank of ChinaCapital One, National AssociationThe Bank of East Asia Ltd.Cadence BankDeutsche Bank Trust Company Americas
17BMO Bank National AssociationState Street Bank and Trust CompanyState Bank of IndiaFirst Horizon BankCadence Bank
18Bank of BarodaBarclays Bank DelawareState Street Bank and Trust CompanyPNC Bank, National AssociationCitibank, National Association
19PNC Bank, National AssociationFirst Horizon BankThe Huntington National BankBarclays Bank Delaware 
20First Horizon BankBank of BarodaEast West BankBank of the West 
21East West BankEast West BankCadence BankBank of Baroda 
22Cadence BankBank of ChinaFirst Horizon BankEast West Bank 
23Citibank, National AssociationCitibank, National AssociationCitibank, National AssociationCitibank, National Association 
Excess Bank List
1U.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National AssociationU.S. Bank National AssociationPNC Bank, National Association
2Citibank, National AssociationCitibank, National AssociationCitibank, National AssociationCitibank, National AssociationCitibank, National Association

 

 

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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