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. 21, 2020
APY2
Effective:
Sept. 21, 2020
Rate
Effective:
Sept. 28, 2020
APY2
Effective:
Sept. 28, 2020
$0 - $4,999.99 0.01% 0.01% 0.01% 0.01%
$5,000 - $24,999.99 0.01% 0.01% 0.01% 0.01%
$25,000 - $49,999.99 0.01% 0.01% 0.01% 0.01%
$50,000 - $99,999.99 0.01% 0.01% 0.01% 0.01%
$100,000 - $249,999.99 0.01% 0.01% 0.01% 0.01%
$250,000 - $499,999.99 0.01% 0.01% 0.01% 0.01%
$500,000 - $999,999.99 0.01% 0.01% 0.01% 0.01%
$1,000,000 - 4,999,999.99 0.01% 0.01% 0.01% 0.01%
$5,000,000 + 0.01% 0.01% 0.01% 0.01%

 

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. 21, 2020
APY2
Effective:
Sept. 21, 2020
Rate
Effective:
Sept. 28, 2020
APY2
Effective:
Sept. 28, 2020
$0 - $4,999.99 0.01% 0.01% 0.01% 0.01%
$5,000 - $24,999.99 0.01% 0.01% 0.01% 0.01%
$25,000 - $49,999.99 0.01% 0.01% 0.01% 0.01%
$50,000 - $99,999.99 0.01% 0.01% 0.01% 0.01%
$100,000 - $249,999.99 0.01% 0.01% 0.01% 0.01%
$250,000 - $499,999.99 0.01% 0.01% 0.01% 0.01%
$500,000 - $999,999.99 0.01% 0.01% 0.01% 0.01%
$1,000,000 - 4,999,999.99 0.01% 0.01% 0.01% 0.01%
$5,000,000 + 0.01% 0.01% 0.01% 0.01%

 

Money Fund Sweep4

Rates as of  Sept. 21, 2020

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 0.01%
Dreyfus Government Cash Management - Institutional Shares  0.04%

 

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. 21, 2020
APY2
Effective:
Sept. 21, 2020
Rate
Effective:
Sept. 28, 2020
APY2
Effective:
Sept. 28, 2020
All Balances 0.01% 0.01% 0.01% 0.01%

 

Rates are subject to daily change. Not all rate updates occur simultaneously.
Investment products are not federally or FDIC-insured, 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. 
1Ameriprise Insured Money Market Account (AIMMA). AIMMA is an FDIC insured, interest-bearing bank deposit product made available by Ameriprise Financial and held in an omnibus Account(s) at one or more FDIC member banks (collectively, the "Program Banks"), and including our affiliate, Ameriprise Bank, FSB. The Program Banks may serve individually as custodians for all or a portion of the assets held within your AIMMA, as described in the Other Important Brokerage Disclosures. For a copy of the Other Important Brokerage Disclosures, visit our website at ameriprise.com/disclosures or call our service line at 800.862.7919. Deposit products are FDIC insured up to $250,000 per depositor at each Program Bank, and up to $2.5 million per depositor across all Program Banks combined. Deposit products are not covered by SIPC. See the Money Settlement Options section of the Ameriprise Brokerage Client Agreement for further information.
The FDIC website at 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 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.
2APY = Annual percentage yield. Actual rates are subject to change based on market conditions.
3Ameriprise Bank Insured Sweep Account (ABISA). ABISA is an FDIC insured, interest-bearing bank deposit product made available by Ameriprise Financial for certain tax-qualified discretionary investment advisory accounts and for SPS Advantage trustee-directed 401(a) accounts. Deposits are held in an omnibus account(s) at Ameriprise Bank, FSB, Member FDIC, an affiliate of Ameriprise Financial. Ameriprise Trust Company serves as custodian for the assets held within your Qualified Plan Accounts, including assets held in ABISA, as described in the Other Important Brokerage Disclosures. For a copy of the Other Important Disclosures, visit our website at ameriprise.com/disclosures or call our service line at 800.862.7919. Deposit products are FDIC insured up to $250,000 per depositor, per FDIC rules. Deposit products are not covered by SIPC. See the Money Settlement Options section of the Ameriprise Brokerage Client Agreement for further information.
Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus, which contains this and other important information about the funds, visit dreyfus.com, or call Ameriprise Financial at 1.800.297.7378. The prospectus should be read carefully before investing.
5Ameriprise Cash is uninvested cash held as a free credit balance in your brokerage accounts, and is covered by SIPC. In certain cases, and where permitted or required by regulation, uninvested cash will be held as a free credit balance in your account, but we will not pay interest on such balances. These include when you request that you not earn interest on cash balances held in the account or when we are unable to establish any third-party sweep option for your account because a) you have not provided a signed application, or b) you have a tax-qualified account and have elected not to participate in the available third-party sweep. 
Ameriprise Bank, FSB provides deposit, lending, and personal trust products and services to clients of Ameriprise Financial Services, LLC (“AFS”). Ameriprise Bank, FSB and AFS are subsidiaries of Ameriprise Financial, LLC. AFS financial advisors may receive compensation for selling bank products. 
Ameriprise Bank, FSB. Member FDIC. Equal Housing Lender
Neither Ameriprise Bank, FSB nor AFSI financial advisors are authorized to give legal or tax advice. For specific legal or tax matters, clients should consult with their own legal and/or tax advisors.
Investment products made available through AFSI are not FDIC insured, are not deposits or other obligations of Ameriprise Bank, FSB and are not guaranteed by Ameriprise Bank, FSB, and are subject to investment risks, including possible loss of principal invested. 
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. 
Your Ameriprise Bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits. You are responsible for monitoring the total amount of deposits you hold at Ameriprise Bank, FSB to ensure that the total amount of your deposits are within FDIC insurance limits.  The FDIC website at www.fdic.gov can help you 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).
Bank deposit accounts, which include Ameriprise Bank Checking and Ameriprise Bank Savings Accounts, are insured by the FDIC. Ameriprise Bank, FSB. Member FDIC. Non-deposit investment, insurance and annuity products made available through Ameriprise Financial Services, LLC are not FDIC insured, are not deposits or obligations of Ameriprise Bank, FSB, are not guaranteed by Ameriprise Bank, FSB, and are subject to investment risks, including possible loss of principal invested.
Other terms and conditions apply.  Offers subject to change.
We reserve the right, in our sole discretion, to amend and pay different interest rates depending on the amount of your account balances or membership in the Ameriprise Achiever Circle loyalty program.
Ameriprise® and Ameriprise Financial logo are registered service marks of Ameriprise Financial, Inc.
Ameriprise Financial Services, LLC. Member FINRA and SIPC.