American Trust Custody Brokerage Account Sweep Options
Your brokerage account has a core account that is used for settling securities transactions and holding credit balances.
We may provide you with a variety of different cash sweep vehicles, including money market funds and bank deposit accounts (each, a “core account investment vehicle”) that may be used to hold a cash balance that is awaiting reinvestment. The sweep vehicles we offer affect the choices available to you for your core account investment vehicle for available cash balances (from deposits to your account, securities transactions, dividend and interest payments and other activities) in your brokerage account.Bank Deposit Sweep Program
The Bank Deposit Sweep Program will take available cash in your brokerage account and deposit it into interest-bearing FDIC-insurance eligible deposit accounts (“Deposit Accounts”) at one or more FDIC-insured depository institutions set forth in the list of depository institutions participating in the Program (each a “Program Bank”). The list of Banks participating in the Program for accounts registered to natural persons (including retirement, trust, and profit sharing plans where a natural person is a beneficiary) include:- Bank of Baroda
- Capital One (USA), N.A.
- Citibank, N.A.
- Dollar Bank
- East West Bank
- Pinnacle Bank
- The Huntington National Bank
- Tristate Capital Bank
- Wells Fargo Bank, N.A.
- WEX Bank
- Bank of Baroda
- Capital One (USA), N.A.
- Citibank, N.A.
- Dollar Bank
- East West Bank
- First Horizon Bank
- Pinnacle Bank
- Tristate Capital Bank
- Wells Fargo Bank, N.A.
Balance greater than: | but less than: | Rate |
$0.00 | $5,000 | 0.80% |
$4,999.00 | $100,000 | 0.90% |
$99,999 | $500,000 | 1.00% |
$499,999 | $1,000,000 | 1.50% |
$999,999 | $5,000,000 | 1.75% |
$4,999,999 | 2.00% |