Bank Deposit Sweep Program®


The Bank Deposit Sweep Program® is the default investment option used to hold cash balances while awaiting investment. The cash balance in eligible investment accounts will be automatically deposited or “swept” into an interest-bearing Bank Deposit Sweep Program® (BDSP) account.

With BDSP, the cash balance in your Investment Account(s) will be automatically deposited or “swept” into an interest-bearing FDIC-insured Program deposit account. This provides greater safety on the cash in your investment account with maximum cumulative FDIC coverage up to a maximum of $2.5 million single client accounts and $5 million for joint accounts and competitive yields within the network of program banks.

Bank Deposit Sweep Program Resources


Money Market Rate Information


Disclosure: Please be aware that FDIC coverage is only available for cash held within this Program, and does not apply to any investments or funds held outside of this Program.

Investments and Insurance Products:
  • Are not insured by the FDIC or any federal government agency
  • Are not deposits of or guaranteed by a bank or any bank affiliate
  • May lose value

 


1st Global’s research is illuminated by some of the greatest minds of the last century.


The 1st Global Advisory Board comprises Harry M. Markowitz, Ph.D., recipient of the 1990 Nobel Memorial Prize in Economic Sciences for his dissertation on Modern Portfolio Theory; and Dr. Arthur B. Laffer, “Father of Supply-Side Economics” and inventor of the Laffer Curve.

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