Deposit rates

View the Important Disclosures about the Raymond James Bank Deposit Program and the Sweep product comparison chart.

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.

The Raymond James standard rate will apply to accounts with a cash balance of less than $10,000. Accounts with $10,000 or more in cash may receive a premium rate based on cumulative asset levels (determined based on eligible Raymond James accounts that share a common address and/or the same taxpayer ID, as well as certain business and trust accounts). Please contact your financial advisor if you have questions about the rate you are receiving.

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Cumulative Asset Level

Current Yield*

Annual Effective Yield*

$100 million or above

0.40%

0.40%

$25,000,000 - $99,999,999.99

0.35%

0.35%

$5,000,000 - $24,999,999.99

0.25%

0.25%

$1,000,000 - $4,999,999.99

0.15%

0.15%

$250,000 - $999,999.99

0.10%

0.10%

Under $249,999.99

0.05%

0.05%

+ Any account with less than $10,000 cash balance Current Yield and Annual Effective Yield = 0.03%
* Rates effective 11/16/2017. 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.

 

JPMorgan Money Market Funds

As another alternative for clients seeking to achieve income on cash balances while protecting principal, we offer Eagle Class shares of the JPMorgan U.S. Government Money Market Fund, Eagle Class shares of the JPMorgan Municipal Money Market Fund, Eagle Class shares of the JPMorgan California Municipal Money Market Fund, and Eagle Class shares of the JPMorgan New York Municipal Money Fund.

The minimum-required balance to participate in the automatic cash sweep program to Eagle Class shares of the JPMorgan U.S. Government Money Market Fund, Eagle Class shares of the JPMorgan Municipal Money Market Fund, Eagle Class shares of the JPMorgan California Municipal Money Market Fund, and Eagle Class shares of the JPMorgan New York Municipal Money Fund 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.

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2You could lose money by investing in the Fund.  Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
 
3You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.  The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
 
The performance data represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the fund will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. 
 
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 Eagle Class – JPMorgan Money Market Funds. The prospectus is available from your financial advisor and should be read carefully before investing.
 
The municipal money market funds are generally exempt from federal income tax. However, income from the funds may be subject to state and local taxes and the alternative minimum tax. Consult with your tax advisor regarding your situation. 

 

Raymond James Bank Deposit Program

To provide our clients with additional insurance coverage the Raymond James Bank Deposit Program offers up to $2.5 million in FDIC insurance coverage ($5 million for joint accounts).

The Raymond James Bank Deposit Program- Raymond James Bank only provides clients with up to $250,000 for individual accounts ($500,000 for joint accounts).

The Raymond James standard rate will apply to accounts with a cash balance of less than $10,000. Accounts with $10,000 or more in cash may receive a premium rate based on cumulative asset levels (determined based on eligible Raymond James accounts that share a common address and/or the same taxpayer ID, as well as certain business and trust accounts). Please contact your financial advisor if you have questions about the rate you are receiving.

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Cumulative Asset Level

Current Yield*

Annual Effective Yield*

$100 million or above

0.40%

0.40%

$25,000,000 - $99,999,999.99

0.35%

0.35%

$5,000,000 - $24,999,999.99

0.25%

0.25%

$1,000,000 - $4,999,999.99

0.15%

0.15%

$250,000 - $999,999.99

0.10%

0.10%

Under $249,999.99

0.05%

0.05%




 
 
 
 
 
 
 
 

+ Any account with less than $10,000 cash balance Current Yield and Annual Effective Yield = 0.03%
* Rates effective 11/16/2017. Rates subject to change without notice
.

 

Raymond James Bank with Checkwriting

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A.P.Y.*

Rate**

Over $5,000

0.10%

0.10%

$0 to $4,999.99

0.05%

0.05%


* A.P.Y. – Annual Percentage Yield (includes daily compounding of interest) – rates should always be quoted as an A.P.Y.
** Rates effective 11/17/2017. Rates subject to change without notice.

 

Additional Raymond James Bank Accounts

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.

 

International Bank Deposit Program (BDP) (Non- FDIC)

With the international Bank Deposit Program, available cash in your Raymond James accounts is deposited into a multi-bank deposit account with a pool of interest- bearing international banks. These deposits are non-FDIC, non-SIPC, and non-excess SIPC insured. Rates are based on relevant competitive money market rates, various market factors, and the bank pool selected.

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, a federally chartered savings bank. 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.

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