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INSURED CASH ACCOUNT PROGRAM
Core Account Investment Vehicle Interest and Fee Document
Insured Cash Account Program (Symbol: BDSL)
The interest rate and monthly Program Fee for the Insured Cash Account Program (“Program”) as of April 1, 2021 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 Interest Rate as of April 1, 2021 |
|
Insured Cash Account Program Deposit Account Total Balance |
Rate |
All balances greater than $0* |
0.01% |
*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.
Monthly Program Fee as of April 1, 2021 |
**$1.85 |
See below for important fee information. |
**It is anticipated that the Monthly Program Fee will be covered by the interest paid by participating Program Banks. In such a case, the Monthly Program Fee will not be charged. Please refer to the Insured Cash Account Program Disclosure Document for more details.