Rates
Rates on this page:
Client Interest Program® (CIP)
To assist our clients in achieving a higher level of freedom and convenience with their investment transactions, the Client Interest Program can be used as a short-term depository for funds awaiting investment. While offering clients an attractive rate of interest on their available funds, CIP provides the assurance of knowing cash is protected up to $250,000 by the Securities Investor Protection Corporation (SIPC) in the event of the firm’s liquidation.
| Amount | Current Yield* | Annual Effective Yield* |
|---|---|---|
| Over $5,000 | 0.02% | 0.02% |
| $0 to $4,999.99 | 0.01% | 0.01% |
* Effective date: June 13, 2013. Rates subject to change without notice.
The Securities Investor Protection Corporation (SIPC) provides $500,000 of net equity protection, including $250,000 for claims for cash awaiting reinvestment. Please visit www.sipc.org for more information about SIPC coverage.
Raymond James has purchased excess SIPC coverage through various syndicates of Lloyd’s, a London-based firm. Excess SIPC is fully protected by the Lloyd’s trust funds and Lloyd’s Central Fund. The additional protection currently provided has an aggregate firm limit of $750 million, including a sub-limit of $1.9 million per customer for cash above basic SIPC for the wrongful abstraction of customer funds.
Account protection applies when a SIPC-member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against market fluctuations.
Eagle Class of JPMorgan Money Market Accounts
As another alternative for clients seeking to achieve income on cash balances while protecting principal, we offer the Eagle Class of JPMorgan U.S. Goverment Money Market Fund, the Eagle Class of JPMorgan Prime Money Market Fund and the Eagle Class of JPMorgan Tax Free Money Market Fund, which seeks to achieve income that is exempt from federal income tax. The minimum-required balance to participate in the automatic cash sweep program to these funds is $1,000. Clients with balances less than $50 in their money market accounts may periodically have their balances transferred to non-interest bearing cash positions. If the accounts subsequently reach $1,000 in available cash, the cash will be swept back to the applicable money market funds. The $50 balance transfer and $1,000 minimum policies do not apply to qualified retirement accounts.
Eagle Class Shares of the JPMorgan Prime Money Market Fund, JPMorgan U.S. Government Money Market Fund and the JPMorgan Tax Free Money Market Fund are offered through JPMorgan Distribution Services, Inc. exclusively for clients of Eagle Asset Management, Inc. and its affiliates. JPMorgan and Eagle Asset Management, Inc. are unaffiliated companies.
An investment in the J.P. Morgan money market funds is neither guaranteed nor insured by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in money market funds. Investors should carefully consider the investment objectives, risks, charges and expenses of money market funds before investing. The prospectus contains this and other information about the funds. View prospectus for Tax Free, Prime and U.S. Government funds. The prospectus is available from your financial advisor and should be read carefully before investing.
Raymond James Bank, RJBDP
Raymond James Bank* makes it possible to combine banking services with traditional securities and trust services, enabling you to take advantage of a broad range of financial support. All of your assets custodied at Raymond James can appear on one consolidated statement which will detail activity in all accounts each month. View additional Raymond James Bank rates.
Raymond James Bank Deposit Program (RJBDP)
| Rate is set by Raymond James Bank based on relevant competitive money market rates and various market factors. Rates set weekly. (last updated 6/13/2013) | ||
|---|---|---|
| Amount | Current Yield* | Annual Effective Yield* |
| Over $5,000 | 0.02% | 0.02% |
| $0 to $4,999.99 | 0.01% | 0.01% |
| Raymond James Bank Sweep Accounts with Checkwriting | ||
|---|---|---|
| A.P.Y. | Rate | |
| Over $5,000 | 0.02% | 0.02% |
| $0 to $4,999.99 | 0.01% | 0.01% |
Rates effective June 13, 2013. Rates subject to change without notice.
*A.P.Y. – Annual Percentage Yield (includes daily compounding of interest) – rates should always be quoted as an A.P.Y.
Raymond James Bank deposits are insured by the FDIC up to $250,000 per depositor* ($250,000 for IRAs and certain other retirement accounts).
Raymond James & Associates, Inc., and Raymond James Financial Services, Inc., are affiliated with Raymond James Bank, N.A., member FDIC. Unless otherwise specified, products purchased from or held at Raymond James & Associates are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank and are subject to investment risks, including possible loss of the principal invested.