INSURED DEPOSIT PROGRAM
We are pleased to share that we have recently added the Wedbush Insured Deposit Program as an FDIC insured cash sweep option to replace your current free credit cash account.
The Insured Deposit Program provides increased safety through high levels of FDIC insurance and offers a rate that is more competitive than your existing cash account in which your idle cash balances are currently held.
KEY PROGRAM FEATURES
$2.5 million in FDIC insurance |
$5 million for joint accounts
Daily liquidity
Stable principal |
No market risk
Wedbush Insured Deposit
Investment Objective
Provide current income while maintaining liquidity and ensuring safety through FDIC insured deposits backed by the full faith and credit of the U.S. government
Rate
Up to 2.40%
FDIC Limit
$2.5 million | $5 million for joint accounts
Sales Charges
None
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.