The Insured Deposit Sweep Account is an excellent complement to your investment account with Summit Brokerage Services, Inc. It allows you to protect your cash balances while still linking your FDIC-insured holdings with your investment account for more control and simplified management of your money. Select Insured Deposit Sweep Account as your sweep option, and available cash balances will be deposited into an interest-bearing, FDIC-insured deposit account at one or more financial institutions.
INTEREST RATE: 0.78% (As of March 18, 2019)
Monthly per account fee*: $16.63
*Fee anticipated to be paid by financial institutions
LIST OF PARTICIPATING FINANCIAL INSTITUTIONS
First National Bank of Omaha