Deposit rates
Clients with accounts opened through introducing financial firms for which Raymond James acts as a clearing agent, click here to log in to Client Access to view your rate: Client Access > My Accounts > Portfolio > Established Yield Column (in the table).
Clients with accounts for which Raymond James provides custody and execution services to the client's third-party investment adviser, click here to log in to Client Access to view your rate: Client Access > My Accounts > Portfolio > Established Yield Column (in the table).
Rates for both RJBDP and CIP are based on the cumulative RJBDP and CIP cash balances in a client relationship (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) (“Relationship Cash Value”). Compliant with ERISA regulations, the value of Qualified Plan assets are not included when determining Relationship Cash Value. Rates for Qualified Plan accounts are based on the cash value of that individual account.
Please review the additional disclosures in the "Cash Sweep Program" section of the firm's Important Client Information and contact your financial advisor with any questions.
Raymond James Bank Deposit Program
FDIC deposit insurance provides a maximum of $250,000 of coverage per depositor per bank1. To provide our clients with additional combined FDIC insurance coverage, the Raymond James Bank Deposit Program “sweeps” client deposits into numerous deposit accounts with multiple banks, providing up to $3 million in combined FDIC coverage for an individual account ($6 million for joint accounts)1. Combined FDIC insurance coverage is subject to program banks’ available capacity with Raymond James.
The Raymond James Bank Deposit Program - Raymond James Bank only provides clients with up to $250,000 FDIC insurance coverage for individual accounts ($500,000 for joint accounts). The current participating list of FDIC-Insured depository institutions can be found here.
|
Relationship Cash Value |
Interest Rate* |
Annual Percentage Yield* |
|
$10 million or above |
2.50% |
2.53% |
|
$1,000,000 - $9,999,999.99 |
1.75% |
1.77% |
|
$250,000 - $999,999.99 |
0.50% |
0.50% |
|
Under $249,999.99 |
0.20% |
0.20% |
Please note, these rates do NOT apply to clients with:
- Accounts opened through introducing financial firms for which Raymond James acts as a clearing agent (the Custody & Clearing Division, or CCD)
- Accounts for which Raymond James provides custody and execution services to the client's third-party investment adviser (the Investment Advisors Division, or IAD)
If either of the above scenarios apply to you, click here to log in to Client Access to view your rate.
The banks we sweep your funds to are based on a priority list, which is available at raymondjames.com/rjbdp. All deposits and withdrawals at the banks will be made by Raymond James on your behalf. If you maintain funds separately with banks in our program, you should monitor your total deposits at the applicable bank(s) to ensure they do not exceed FDIC insurance limits of $250,000 ($500,000 for joint accounts).
1References made to FDIC insurance coverage under Raymond James Bank Deposit Program (RJBDP) address FDIC insurance coverage, up to applicable limits, at the insured depository institutions that participate in RJBDP. Funds held at Raymond James Bank (Member FDIC), TriState Capital Bank (Member FDIC), and third-party FDIC-insured banks participating in the Bank Deposit Program are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per insured bank, for each account ownership category. The current list of participating FDIC-insured depository institutions can be found here. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply. The Raymond James Bank Deposit Program relies on the services of IntraFi Network, LLC for the placement of deposits at insured depository institutions. If you maintain funds separately with banks in the program, you should monitor your total deposits at the applicable bank(s) to determine your FDIC coverage. Additional information regarding FDIC insurance can be found at fdic.gov or by calling 877. ASK.FDIC (877.275.3342).
Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are not FDIC-insured banking entities. FDIC insurance only covers the failure of FDIC-insured depository institutions and does not cover Raymond James & Associates, Inc. or Raymond James Financial Services, Inc. Unless otherwise specified, products purchased from or held at affiliated Raymond James Financial, Inc., companies are not insured by the FDIC or any other government agency, are not deposits or other obligations of Raymond James Bank or TriState Capital Bank, are not guaranteed by Raymond James Bank or TriState Capital Bank, may lose value, and are subject to investment risks, including the possible loss of the principal invested.
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.
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Relationship Cash Value |
Interest Rate* |
|
$10 million or above |
2.50% |
|
$1,000,000 - $9,999,999.99 |
1.75% |
|
$250,000 - $999,999.99 |
0.50% |
|
Under $249,999.99 |
0.20% |
Raymond James & Associates is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at sipc.org or by calling (202) 371-8300.
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.
Non-Deposit Products: are not insured by the FDIC; are not deposits; and may lose value.
Raymond James Bank with Checkwriting
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|
Annual Percentage Yield* |
Interest Rate* |
|
Over $5,000 |
0.20% |
0.20% |
|
$0 to $4,999.99 |
0.20% |
0.20% |
* Rates effective 11/14/2024. 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.
Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, Member FDIC. Unless otherwise specified, products purchased from or held at Raymond James & Associates or Raymond James Financial Services are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, Member FDIC, are not guaranteed by Raymond James Bank, Member FDIC, and are subject to investment risks, including possible loss of the principal invested.