Cash management account
Bring your plan to life
At Ameriprise Financial, we think of cash as more than just money for today's needs, it's an important part of your whole financial life. How you manage your cash can determine how secure you feel today and how confidently you can build your dreams for tomorrow. That's why we offer the Ameriprise ONE® Financial Account.
A better way to manage cash
The Ameriprise ONE Financial Account – a brokerage account with cash management features – allows you to hold both cash and investments. It also helps you move your money to the financial solutions you choose to meet your saving, spending, investing and protection goals. It connects all the parts of your plan and helps you stay focused on your objectives. Open an account1 today with as little as $500 in cash or securities. No minimum balance required.
When the money you earn flows directly to the Ameriprise ONE Financial Account, your plan comes to life. At the same time, the money you need for daily and monthly expenses flows automatically to a checking account of your choosing. Both your short-term and long-term goals are funded, giving you more financial confidence and control.
At the core of the Ameriprise ONE Financial Account is a cash sweep account that earns interest or dividends and can be used for everyday cash needs. Your cash deposits, interest earnings, trade proceeds and non-reinvested dividends are automatically swept into this account and your checks, bills, ATM/debit withdrawals and investment purchases come out of it.
The Ameriprise ONE Financial Account also offers robust trading capabilities. Buy or trade stocks, bonds, mutual funds, exercise options contracts and more. For more information contact your financial advisor.
Investment products are not insured by the FDIC, are not deposits or obligations of or guaranteed by a financial institution, involve investment risks, including possible loss of principal, and may fluctuate in value.
Features of the Ameriprise ONE Financial Account3Online Bill Pay4
Pay bills online with an on-time payment guarantee. Automating the bill paying process helps you save time and postage – and there's no limit to how many bills you can pay online each month. You can choose to receive electronic bills and then set up one-time or recurring payments.Ameriprise Visa® Debit card5
The Ameriprise Visa® Debit Card is accepted at over 25 million locations worldwide. Additionally, you can access cash at more than a million ATMs in more than 179 countries as well as the largest surcharge-free ATM network in America of over 55,000 ATM locations nationwide.Ameriprise MasterCard® credit cards6
When you use an Ameriprise MasterCard credit card for purchases, you'll earn Ameriprise Rewards points that can be redeemed for cash back into your Ameriprise ONE financial account.3Check writing7
Write checks to anyone for any amount up to your available account balance. There are no limits or minimums and your first order of checks is free.FDIC Insurance8
Receive up to $2.5 million FDIC insurance coverage per depositor with the Ameriprise® Insured Money Market Account (AIMMA) used as a cash sweep.
1A low $20 quarterly maintenance fee will be waived for Ameriprise Achiever Circle Elite members, or if you electronically deposit $9,000 per quarter. Fees may reduce earnings.
2Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. Some products and services may not be available in all jurisdictions or to all clients.
3The banking features of the Ameriprise ONE Financial Account are provided by Ameriprise Financial. Ameriprise Financial Services is a subsidiary of Ameriprise Financial, Inc. Ameriprise financial advisors may receive compensation for selling bank products.
4Payment processing is provided through CheckFree Services Corporation. Representatives from Ameriprise Financial are available at 800.297.7378.
5The Ameriprise Visa® Debit card is offered on the Ameriprise ONE Financial Account. The Ameriprise ONE Financial Account is a brokerage account with cash management features.
The Ameriprise Visa Debit card is issued under an agreement between Ameriprise Financial, Inc. and/or its affiliates (“Ameriprise”) and UMB Bank, n.a. The Card is the property of and issued by UMB Bank, n.a. pursuant to license by VISA U.S.A. Inc.
6Subject to credit approval. The Ameriprise Financial MasterCard® credit cards are issued by Barclays Bank Delaware pursuant to a license from MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.
7Cash/Draft Check Cashing: Although Wells Fargo clears Ameriprise ONE Financial Account checks, your account is still with Ameriprise; therefore, Wells Fargo treats them as third-party checks. Wells Fargo will accept Ameriprise ONE Financial Account checks for deposit only. Wells Fargo’s policy of handling these checks applies regardless of whether the payee is a Wells Fargo depositor or not.
8Ameriprise® Insured Money Market Account (AIMMA) is an FDIC-insured product offered by Ameriprise Financial Services, Inc. and held in an omnibus account(s) at one or more FDIC-member banks (collectively, the "Program Banks"). The Program Banks may serve individually as custodians for all or a portion of the assets held within your AIMMA, as described in the "Ameriprise® Insured Money Market Account" section of the "Other Important Brokerage Disclosures" document. To view this information you can visit our website at ameriprise.com/customer-service/disclosures.asp and access "Other Important Brokerage Disclosures (402469) "or call our service line at 800.297.7378 to obtain a copy.
The FDIC website at www.fdic.gov allows you to determine the amount of your deposits which are insured. For more information, please contact the FDIC directly at 1-877-ASKFDIC (1.877.275.3342). Any other deposits you may make to a participating program bank outside of AIMMA will be combined for purposes of determining the level of FDIC coverage per depositor at that specific bank. You are responsible for monitoring the total amount of funds they hold at each Bank in order to insure that your total deposits are within FDIC guidelines and fully insured.
Deposits in AIMMA are FDIC Insured up to $2.5 million per individual investor (up to $5 million for join accounts). Deposit products are not covered by the Securities Investor Protection Corporation (SIPC).
Each account will earn a rate of interest that is tiered based on the balance in your Ameriprise® Insured Money Market Account. The rate can fluctuate daily depending on market conditions. The balance tiers are as follows: $0 - $4,999.99; $5,000 - $24,999.99; $25,000 - $49,999.99; $50,000 - $99,999.99, $100,000+. APYs offered within two or more consecutive tiers may be the same and bear a reasonable rate of interest. When this is the case, those multiple tiers with the same rates will be shown as a single tier. Each tier reflects the current minimum balance required to obtain the applicable APY. For the specific rates, please see the tiered rate chart. Call 800.297.7378 for the current prevailing rates. The daily balance method will be used to calculate interest in your account. Interest is compounded daily and credited monthly. There is no minimum period that money must remain on deposit and consequently, there is no penalty for withdrawals of your entire balance or any part thereof at any time without notice. Debit and cash balances will be swept daily in and out of the Ameriprise® Insured Money Market Account.