Brokerage sweep and rates

Keep your cash accessible and working for you.

An important part of your financial plan is having enough cash reserves to meet day-to-day needs while being prepared for the unexpected. Ameriprise Financial offers several cash solutions that offer you easy access and the opportunity to earn interest or dividends on uninvested cash.

Ameriprise® Insured Money Market Account (AIMMA)1

AIMMA is an FDIC-insured, interest-bearing bank deposit arrangement available in Ameriprise brokerage accounts that provides liquidity and cash you can use for everyday transactions. With AIMMA as your sweep option, uninvested cash in your brokerage account is deposited at one or more banks to offer enhanced FDIC coverage–up to $2.5 million in FDIC insurance coverage per depositor.

View a list of banks where AIMMA assets will be placed.

AIMMA Rates

Cash Balance

Rate
Effective:
Sept. 16, 2019

APY2
Effective:
Sept. 16, 2019
Rate
Effective:
Sept. 23, 2019
APY2
Effective:
Sept. 23, 2019
$0 - $4,999.99 0.15% 0.15% 0.15% 0.15%
$5,000 - $24,999.99 0.15% 0.15% 0.15% 0.15%
$25,000 - $49,999.99 0.15% 0.15% 0.15% 0.15%
$50,000 - $99,999.99 0.15% 0.15% 0.15% 0.15%
$100,000 - $249,999.99 0.15% 0.15% 0.15% 0.15%
$250,000 - $499,999.99 0.25% 0.25% 0.25% 0.25%
$500,000 - $999,999.99 0.25% 0.25% 0.25% 0.25%
$1,000,000 - 4,999,999.99 0.50% 0.50% 0.50% 0.50%
$5,000,000 + 0.60% 0.60% 0.60% 0.60%

Ameriprise® bank insured sweep account (ABISA)3

ABISA is an FDIC-insured interest-bearing bank deposit arrangement, available primarily in discretionary investment accounts in tax-qualified ownerships, that provides liquidity and cash you can use for investment transactions.  With ABISA as your sweep option, uninvested cash in your brokerage account is deposited at Ameriprise Bank, FSB and offers up to $250,000 in FDIC insurance coverage per depositor.

 

ABISA Rates

Cash Balance

Rate
Effective:
Sept. 16, 2019

APY2
Effective:
Sept. 16, 2019
Rate
Effective:
Sept. 23, 2019
APY2
Effective:
Sept. 23, 2019
$0 - $4,999.99 0.15% 0.15% 0.15% 0.15%
$5,000 - $24,999.99 0.15% 0.15% 0.15% 0.15%
$25,000 - $49,999.99 0.15% 0.15% 0.15% 0.15%
$50,000 - $99,999.99 0.15% 0.15% 0.15% 0.15%
$100,000 - $249,999.99 0.15% 0.15% 0.15% 0.15%
$250,000 - $499,999.99 0.25% 0.25% 0.25% 0.25%
$500,000 - $999,999.99 0.25% 0.25% 0.25% 0.25%
$1,000,000 - 4,999,999.99 0.50% 0.50% 0.50% 0.50%
$5,000,000 + 0.60% 0.60% 0.60% 0.60%

Money Fund Sweep4

Rates as of Sept. 16, 2019

Certain account types offer a Dreyfus money market mutual fund sweep option. These funds normally invest in a diversified portfolio of high-quality, short-term, dollar-denominated debt securities. A money market fund’s goal is the preservation of capital.

All Balances 7 day Yield
Dreyfus General Government Securities Money Market Fund - Dreyfus Class 1.64%
Dreyfus Government Cash Management - Institutional Shares  2.04%

Dreyfus General Government Securities Dreyfus Class Fund Prospectus

Dreyfus Government Cash Management Institutional Shares Fund Prospectus

4You could lose money by investing in a money market 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.

Ameriprise® Cash5

Ameriprise Cash is a brokerage sweep option for your uninvested cash balances. The cash in your brokerage account is held by American Enterprise Investment Services, Inc., an affiliate clearing broker of Ameriprise Financial Services, Inc. Ameriprise Cash balances are cash deposits in your brokerage account and are covered under applicable Securities Investor Protection Corporation (SIPC) limits, up to $250,000 per account.

Cash Balance Rate
Effective:
Sept. 16, 2019

APY2
Effective:
Sept. 16, 2019 

Rate
Effective:
Sept. 23, 2019
APY2
Effective:
Sept. 23, 2019
All Balances 0.15% 0.15% 0.15% 0.15%