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 a money settlement option made available by Ameriprise Financial where cash is swept to omnibus account(s) at one or more program banks including our affiliate, Ameriprise Bank, FSB. 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. Certain conditions must be satisfied for pass-through FDIC insurance coverage to apply.
AIMMA Rates
Cash Balance | Rate Effective: February 10, 2025 |
APY2 Effective: February 10, 2025 |
Rate Effective: February 18, 2025 |
APY2 Effective: February 18, 2025 |
---|---|---|---|---|
$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 | 0.30% | 0.30% | 0.30% | 0.30% |
$500,000 - $999,999.99 | 0.60% | 0.60% | 0.60% | 0.60% |
$1,000,000 - 4,999,999.99 | 1.59% | 1.60% | 1.59% | 1.60% |
$5,000,000 + | 1.98% | 2.00% | 1.98% | 2.00% |
Ameriprise® bank insured sweep account (ABISA)3
ABISA is a money settlement option made available by Ameriprise Financial where cash is swept to an omnibus Account(s) at our affiliate bank, Ameriprise Bank, FSB. ABISA is available primarily in discretionary investment accounts in tax-qualified ownerships. 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.3 Certain conditions must be satisfied for pass-through FDIC insurance coverage to apply.
ABISA Rates
Cash Balance | Rate Effective: February 10, 2025 |
APY2 Effective: February 10, 2025 |
Rate Effective: February 18, 2025 |
APY2 Effective: February 18, 2025 |
---|---|---|---|---|
$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 | 0.30% | 0.30% | 0.30% | 0.30% |
$500,000 - $999,999.99 | 0.60% | 0.60% | 0.60% | 0.60% |
$1,000,000 - 4,999,999.99 | 1.59% | 1.60% | 1.59% | 1.60% |
$5,000,000 + | 1.98% | 2.00% | 1.98% | 2.00% |
Money Fund Sweep4
Rates as of February 10, 2025
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 Government Cash Management - Wealth Shares | 4.00% |
Dreyfus Government Cash Management - Institutional Shares | 4.25% |
Institutional Money Market Mutual Funds: You could lose money by investing in the mutual fund. Because the share price of the mutual fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them.
Government Money Market Mutual funds and Retail Money Market Mutual funds: You could lose money by investing in the mutual fund. Although the mutual fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.
All prime and tax-exempt Money Market Mutual funds (Government MMFs may opt in) may impose discretionary fees if the Board of the mutual fund determines it would be in the best interests of the mutual fund. Any such discretionary fee cannot exceed 2% of the value of the shares redeemed.
Mandatory liquidity fees will be imposed on institutional prime and institutional tax-exempt money market mutual funds when net redemptions are in excess of 5% of the mutual fund's assets. If the liquidity cost of the redemption is <.01% of the value of the shares redeemed, no fees will apply.
An investment in a Money Market Mutual Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The mutual fund's sponsor has no legal obligation to provide financial support to the mutual fund, and you should not expect that the sponsor will provide financial support to the mutual fund at any time.
Dreyfus Government Cash Management - Wealth Shares Prospectus
Dreyfus Government Cash Management Institutional Shares Fund Prospectus
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: February 10, 2025 |
APY2 Effective: February 10, 2025 |
Rate Effective: February 18, 2025 |
APY2 Effective: February 18, 2025 |
---|---|---|---|---|
All Balances | 0.15% | 0.15% | 0.15% | 0.15% |
Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Ameriprise Financial Services, LLC is not an FDIC- insured bank; FDIC insurance only covers the insolvency of FDIC-insured banks.
Certain conditions must be satisfied for pass-through FDIC insurance coverage to apply.