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Brokered Liquid Deposit

A flexible cash alternative

If your investment strategy includes holding cash, a Brokered Liquid Deposit could be a great alternative providing high yield and liquidity.

High yield

Brokered Liquid Deposit offers a competitive, high yield annual percentage rate (APY) compared to those of a retail Money Market Fund.

Ready access to funds

Get easy and quick access to your money for personal needs or your next opportunity.

Deposit Balance Annual Percentage Yield (APY)1 As of January 20, 2024
$100,000 – $999,999 5.20%
$1,000,000 – $4,999,999 5.20%
$5,000,000 – $49,999,999 5.40%
$50,000,000 – $99,999,999 5.45%
$100,000,000+ 5.45%

Deposits will be FDIC insured up to $250,000 per depositor ($500,000 for joint accounts with two or more owners).2

Same-day access to funds

You can quickly and easily withdraw funds for personal needs or redirect them to other investment opportunities by contacting your Financial Advisor. Withdrawal requests made by 3:00 pm EST will have same-day settlement.

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Requirements:

  • $100,000 minimum opening deposit.
  • $10,000 minimum subsequent deposits.
  • For existing brokerage clients, at least 50% of the opening deposit and subsequent deposits must be from external sources or sellouts and maturities of securities, net of any purchases and withdrawals, over the last 30 days.3,4

Start putting your cash to work

To learn more about Brokered Liquid Deposit, contact your financial advisor.

1 Interest rate and annual percentage yield (APY) are based on each account balance enrolled in Brokered Liquid Deposit and will vary over time. Tiered rates apply to all Brokered Liquid Deposit balances, and clients who maintain higher balances may receive a higher yield.

2 Deposits to Brokered Liquid Deposit will be made to Wells Fargo Bank, N.A. Deposits (including principal and interest) are eligible for FDIC insurance up to $250,000 per depositor ($500,000 for joint accounts with two or more owners) in each insurable capacity. If your total deposits at Wells Fargo Bank, N.A., (including those placed directly at the bank, or through an intermediary such as Wells Fargo Advisors) exceed the applicable FDIC insurance limit for that ownership category, the excess deposits will not be insured. Clients are responsible for monitoring their deposits, including deposits held outside of Brokered Liquid Deposit, such as Wells Fargo Bank accounts or Bank Deposit Sweep, to determine if the deposits exceed the FDIC insurance coverage limits in the same ownership category.

3 Eligible account types include Non-Retirement and Non-Advisory Brokerage Accounts. Further restrictions may apply to initial deposit dollars. Talk to your financial advisor for more information.

4 Brokered Liquid Deposit is not a sweep option. Your cash balances will not automatically sweep from your brokerage account into your Brokered Liquid Deposit. Please review Brokered Liquid Deposit Disclosure.

Need help opening a new account? Call us at 1-866-522-0459 Monday — Friday, 8:30 am — 9:30 pm ET.