The Voya Financial Advisors Insured Bank Deposit Account, a multi-bank, Federal Deposit Insurance Corporation (FDIC) insured bank deposit program, will serve as the default cash sweep option for brokerage and advisory accounts administered by Pershing, LLC.

The Voya Financial Advisors Insured Bank Deposit Account offers:

  • A cash management solution that helps balance returns, safety, and liquidity
  • $2.5 million in FDIC coverage per customer
  • Convenient sweep feature when assets are not invested in brokerage or advisory investments.
  • Ability to exclude specific banks from the bank priority list applicable to the customer’s account.

Rate schedule

Qualified Account
(Ticker: VIBR)
Less than $24,999.990.011%
$25,000.00 - $49,999.990.011%
$50,000.00 - $99,999.990.011%
$100,000.00 - $149,999.99

0.011%

$150,000.00 - $249,999.990.011%
$250,000.00 - $299,999.990.011%
$300,000.00 - $499,999.990.011%
$500,000.00 - $999,999.990.011%
$1,000,000.00 – 4,999,999.990.011%
$5,000,000 or Greater0.011%
Non-Qualified Account
(Ticker VIBD)
$24,999.99 or Less0.011%
$25,000.00 - $49,999.990.011%
$50,000.00 - $99,999.990.011%
$100,000.00 - $149,999.990.011%
$150,000.00 - $249,999.990.011%
$250,000.00 - $299,999.990.011%
$300,000.00 - $499,999.990.011%
$500,000.00 - $999,999.990.011%
$1,000,000.00 – 4,999,999.990.011%
$5,000,000 or Greater0.011% 

Bank Priority List

Voya Financial Advisors and Pershing, LLC use the following banks to deposit assets in the Voya Financial Advisors Insured Bank Deposit program.

PriorityAlabama, Arkansas, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Oklahoma, TennesseeIllinois, Indiana, Michigan, Ohio, WisconsinDelaware, Maryland, New Jersey, Pennsylvania, District of ColumbiaAlaska, Colorado, Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, Wyoming
1Morgan Stanley Private Bank, NAAmerican Express National BankPNC BankMorgan Stanley Private Bank, NA
2The Bank of East Asia Ltd.Bremer BankProgress Bank and TrustThe Bank of East Asia Ltd.
3Bremer BankProgress Bank and TrustThe Bank of East Asia Ltd.Progress Bank and Trust
4Progress Bank and TrustThe Bank of East Asia Ltd.Bremer BankBremer Bank
5Century Bank and TrustMorgan Stanley Private Bank, NAAmerican Express National BankSandy Spring Bank
6Sandy Spring BankSimmons BankCentury Bank and TrustPNC Bank
7BBVA USASandy Spring BankBBVA USAAmerican Express National Bank
8EagleBankCapital One Bank (USA), N.A.Citibank, N.A.Century Bank and Trust
9Capital One Bank (USA), N.A.Century Bank and TrustSandy Spring BankBBVA USA
10Enterprise Bank & TrustEagleBankUnion Bank and TrustEnterprise Bank & Trust
11PNC BankCitibank, N.A.Capital One Bank (USA), N.A.Citibank, N.A.
12Simmons BankEnterprise Bank & TrustEagleBankCapital One Bank (USA), N.A.
13Union Bank and TrustPNC BankEnterprise Bank & TrustSimmons Bank
14American Express National BankUnion Bank and TrustMorgan Stanley Private Bank, NAEagleBank
15Citibank, N.A.BBVA USASimmons BankUnion Bank and Trust
16Wells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NA
     
PriorityExcess Bank ListExcess Bank ListExcess Bank ListExcess Bank List
1Wells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NA
2Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.
3Citibank, N.A.Citibank, N.A.Citibank, N.A.Citibank, N.A.

 

PriorityConnecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, VermontFlorida, Georgia, North Carolina, South Carolina, Virginia, West VirginiaArizona, Nevada, New Mexico, Texas, UtahCalifornia, Hawaii, US territories
1Morgan Stanley Private Bank, NAMorgan Stanley Private Bank, NAAmerican Express National BankPNC Bank
2American Express National BankAmerican Express National BankBremer BankAmerican Express National Bank
3Bremer BankBremer BankThe Bank of East Asia Ltd.Bremer Bank
4Progress Bank and TrustThe Bank of East Asia Ltd.Capital One Bank (USA), N.A.The Bank of East Asia Ltd.
5The Bank of East Asia Ltd.Century Bank and TrustBBVA USASandy Spring Bank
6BBVA USAProgress Bank and TrustCentury Bank and TrustProgress Bank and Trust
7Union Bank and TrustSandy Spring BankSandy Spring BankCapital One Bank (USA), N.A.
8Sandy Spring BankCitibank, N.A.Progress Bank and TrustProgress Bank and TrustSimmons Bank
9Capital One Bank (USA), N.A.Enterprise Bank & TrustCitibank, N.A.EagleBank
10PNC BankCapital One Bank (USA), N.A.EagleBankEnterprise Bank & Trust
11Simmons BankSimmons BankEnterprise Bank & TrustCitibank, N.A.
12EagleBankPNC BankMorgan Stanley Private Bank, NAMorgan Stanley Private Bank, NA
13Citibank, N.A.EagleBankSimmons BankUnion Bank and Trust
14Enterprise Bank & TrustUnion Bank and TrustPNC BankBBVA USA
15Century Bank and TrustBBVA USAUnion Bank and TrustCentury Bank and Trust
16Wells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NA
     
PriorityExcess Bank ListExcess Bank ListExcess Bank ListExcess Bank List
1Wells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NA
2Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.
3Citibank, N.A.Citibank, N.A.Citibank, N.A.Citibank, N.A.

 

PriorityBusiness All
1Bremer Bank
2PNC Bank
3The Bank of East Asia Ltd.
4Progress Bank and Trust
5Sandy Spring Bank
6Capital One Bank (USA), N.A.
7EagleBank
8Enterprise Bank & Trust
9Citibank, N.A.
10Century Bank and Trust
11Union Bank and Trust
12BBVA USA
13Simmons Bank
14Wells Fargo Bank, NA
  
PriorityList 9 - Business Excess All
1Wells Fargo Bank, NA
2Citibank, N.A.

Disclosure Booklet

Please click here (download PDF) to view the Voya Financial Advisors Insured Bank Deposit Account Disclosure Booklet for all accounts except the Rep as Manager account program.