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INSURED CASH ACCOUNT PROGRAM (Symbol: QLSAQ)
Core Account Investment Vehicle Interest Rate Chart for Brokerage Retirement Accounts
The rate and fee for the Insured Cash Account Program (“Program”) as of November 10, 2020 are set forth below; interest accrues daily and is paid monthly. Amounts reflecting interest paid will be presented on your brokerage account statements. The rate and fee are subject to change at any time, without notice to you, and will vary. For the current rate and fee, please contact your Investment Representative.
Program Rate as of November 10, 2020 |
|
Insured Cash Account Program Deposit Account Total Balance |
Rate |
All balances greater than $0* |
0.05% |
Monthly Program Fee as of November 10, 2020 |
$1.85** |
See below for important fee information. |
*Individual Deposit Account balances over $2.5 million are in excess of the Maximum Applicable FDIC Deposit Insurance Amount and may not be eligible for FDIC insurance coverage.
**Fee is expected to be covered by interest generated by participating banks.