The Wedbush Insured Deposit Program is an FDIC insured cash sweep option as an alternative to the free credit cash account.

If you utilize the Sweep Program, available cash balances will be swept through the Program into interest-bearing Deposit Accounts at one or more participating banks on the Deposit Bank List below. The Deposit Accounts held at any Deposit Bank participating in the Program will be eligible for FDIC insurance up to the maximum applicable deposit insurance amount, which currently is $250,000 in the aggregate at each Deposit Bank. Through the Program, joint accounts are eligible for FDIC insurance up to $500,000 per Deposit Bank. Please see the Terms and Conditions for more information. For additional information about FDIC insurance coverage, please visit the FDIC website at

Available cash balance is swept to an FDIC-Insured interest bearing Deposit Account at one or more Deposit Banks. The deposit is eligible for FDIC insurance subject to FDIC insurance coverage limits. For more information about FDIC insurance coverage, please visit the FDIC website at or call 877-ASK-FDIC. Customers are responsible for monitoring their total assets at the Program Bank to determine the extent of available FDIC insurance. All FDIC insurance coverage is in accordance with FDIC rules.


as of 5/24/24

Program Bank Location
Barclays Bank Wilmington, DE
Cadence Bank Houston, TX
Cal Private Bank La Jolla, CA
EagleBank Bethesda, MD
HSBC New York, NY
Independent Bank McKinney, TX
Keystone Bank Austin, TX
Merchants Bank of Indiana Carmel, IN
NexBank Dallas, TX
Preferred Bank Los Angeles, CA
Regent Bank Tulsa, OK
Tristate Capital Bank Pittsburgh, PA
United Community Bank Blairsville, GA
Veritex Community Bank Dallas, TX
Webster Bank N.A. Stamford, CT


$2.5 million in FDIC insurance |
$5 million for joint accounts

Daily liquidity

Stable principal |
No market risk

Already a client?

As an existing client, there is no need to go through the application process, simply click here to access the Wedbush Insured deposit Consent Form, which will take a minute or two to complete – just sign, date, and send back to us. Easy.


Please contact your Advisor with any questions.