Bank Deposit Sweep Account Program
Commonwealth Financial Network®, the broker/dealer we use to process transactions on your behalf, offers a program that provides Federal Deposit Insurance Corporation (FDIC) insurance for cash balances in your eligible brokerage account(s).
You can find answers to frequently asked questions about the program here. Complete program materials, including disclosure documents, a list of participating banks, and interest rates, can be accessed at www.commonwealth.com/Investors/sweep_program.asp.
Of course, if you have further questions about this or any aspect of your financial life, please feel free to contact our office.